4th Aug 2009 07:00
Hampson Industries PLC
New Contract Wins
Hampson Industries PLC ("Hampson" or "the Group"), the international aerospace and precision engineering group, announces that its aerospace tooling division has secured new contracts worth US$4.0 million.
The contracts, which are for the design and manufacture of very close tolerance tools for composite structures for the space satellite and military aerospace markets, will be delivered in the current financial year from the Group's California, Los Angeles-based facilities. No additional capital expenditure is required.
Hampson's Chief Executive, Kim Ward, commented as follows:
"The engineering strength and manufacturing capabilities of our tooling businesses are unique assets that are continuing to support a diverse range of important programmes in both the growing space satellite, as well as commercial and military aerospace sectors. With a number of further orders in tendering process, we remain confident of securing new contracts over the coming months."
Ends.
Further information:
Kim Ward, Chief Executive +44 (0)1384 472941
Howard Kimberley, Finance Director +44 (0)1384 472946
Marylene Guernier/Ed Orlebar, M:Communications +44 (0)20 7153 1269/1523
About Hampson:
The Group's operations are structured into three business segments, serving primarily the global commercial and military aerospace and specialist engineering markets from manufacturing facilities in the UK, North America and India.
Approximately 93% of the Group's sales are derived from its aerospace activities, the balance from the market for automotive turbocharger components. Hampson are world leaders in the design and manufacture of close tolerance tooling and assembly systems for composite and metallic aero structures.
In June 2008, Hampson completed the acquisition of Odyssey Industries, Inc. and Global Tooling Systems, Inc. The Group employs approximately 2,100 people worldwide.
Hampson Industries PLC is listed on the main market of the London Stock Exchange (Symbol: HAMP). For more information on Hampson: www.hampsongroup.com
Cautionary Statement:
This announcement contains forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as anticipate, target, expect, estimate, intend, plan, goal, believe, will, may, should, would, could, is confident, or other words of similar meaning. Undue reliance should not be placed on any such statements because they speak only as at the date of this document and, by their very nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and Hampson's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements.
There are a number of factors which could cause actual results to differ materially from those expressed or implied in forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are; increased competition, the loss of or damage to one or more key customer relationships, changes to customer ordering patterns, delays in obtaining customer approvals for engineering or price level changes, the failure of one or more key suppliers, the outcome of business or industry restructuring, the outcome of any litigation, changes in economic conditions, currency fluctuations, changes in interest and tax rates, changes in raw material or energy market prices, changes in laws, regulations or regulatory policies, developments in legal or public policy doctrines, technological developments, the failure to retain key management, or the key timing and success of future acquisition opportunities or major investment projects.
Hampson undertakes no obligation to revise or update any forward looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.
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