13th Nov 2013 09:39
LONDON (Alliance News) - Security and surveillance systems company Petards Group PLC, which has won a string of train CCTV contracts in recent months, Wednesday said it had won a deal worth over GBP7 million to provide and maintain secure radio systems for the Royal Air Force.
Under the contract, Petards will replace the RAF's entire secure radio equipment which allows safe movement and personnel around airfields and communication between air traffic control and air field staff.
It said it will provide most of the equipment over the next 15 months and then maintain it for 10 years, with an option to extend for a further 5 years.
Petards has recently won several orders for its train CCTV systems. On Monday it was awarded a contract worth over GBP1 million to supply Hyundai Rotem of South Korea, following a deal to install CCTV systems on 46 new Alstom trains being built for the Greater Stockholm Local Transport SL in Sweden. It has also won a contract worth over GBP1.75 million to provide on-board digital CCTV systems for Electrostar trains being made by Bombardier for Southern Railway in the UK and in September, it won a multi-million euro contract with Hitachi Rail Europe Ltd to supply passenger counting systems for new intercity trains for the Great Western Main Line.
Petards shares were up 56.5% at 17.99 pence Wednesday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
Copyright © 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
Petards