10th Sep 2014 06:37
LONDON (Alliance News) - Meggitt PLC Wednesday said its Meggitt Training Systems subsidiary has won an additional contract to support the US Army's Targetry Systems programme at TACOM, the US Army Contracting Command based in Warren, Michigan.
The new deal for the FTSE 100-listed engineering group is worth USD17.7 million over the next 12 months, bringing the total value of the programme for Meggitt to USD30.5 million.
The TACOM programme is one of the biggest weapon systems research and development organisations in the US and provides equipment for live-fire training ranges at US Army installations across the world.
Under the new order, Meggitt will deliver over 1,850 stationary and mobile infantry targets, along with target controllers and a range of interfacing devices to US Army bases in the US and Europe.
"We are pleased to deliver state-of-the-art target systems designed to exceed all requirements under the ATSII programme. These awards affirm Meggitt's strong relationship with the US Army for more than 17 years, providing dependable equipment and outstanding customer support," said Meggitt Chief Executive Stephen Young.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
MGGT.L