17th Aug 2020 18:56
TP Group PLC - engineering services firm - Awarded GBP2.0 million extension to its existing UK Ministry of Defence customer support contract. The original GBP5.0 million deal was signed in February, and was to last for two years.
"This contract increases the group's customer support to the Army HQ's multi-billion-pound Land Environment Tactical Communication & Information Services & Systems Programme. The uplift will run alongside the existing contracted work, until early 2022," TP Group explained.
TP Group Chief Executive Phil Cartmell said the extension is a "testament" to the company's "hard work" and the "continuity and support" it has provided "through recent challenging times".
Current stock price: 6.8 pence
Year-to-date change: up 6.8%
By Paul McGowan; [email protected]
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