27th Oct 2015 08:13
LONDON (Alliance News) - Shares in drone maker Strat Aero PLC were trading higher Tuesday morning after it said its Geocurve Holdings Ltd inspection and surveying arm has been notified that it is set to win a GBP1.3 million contract.
Geocurve has been notified by Barhale PLC, a UK infrastructure-focused civil engineering company, of its intention to award Geocurve a GBP1.3 million contract to provide engineering, inspection and surveying services under a five-year contract.
The deal is part of the GBP1.25 billion framework agreement Barhale has in place with Anglian Water, the water utility.
"With a long pipeline of potential contracts in place, both domestically in the UK and overseas, we are highly confident this represents only the first of many new potential contracts for Geocurve and the wider group," said Tony Dunleavy, Strat Aero's chief executive.
Shares in Strat Aero were up 4.8% to 5.50 pence on Tuesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
AERO.L