Cheltenham-based training tech provider Pennant International Group has seen its revenues rise to £7.1 million, the company told investors on Wednesday.
The firm, which specialises in training technology for the aviation industry, reported growing revenues from software licensing and associated activities – accounting for 46 per cent of its revenue this financial year compared with five per cent a year ago.
The firm reported “good progress” on the £9 million Boeing Defence United Kingdom Apache upgrade programme, which is running on time and on budget, with final deliveries scheduled for completion in September 2024.
Pennant International Group plc (LON:PEN) was established over 60 years ago and is a leading global provider of technology-based maintainer training and integrated product support solutions. The Group operates worldwide, with offices in Europe, North America and Australasia.
