TPG Tp Group Plc

TIDMTPG

RNS Number : 2686E

TP Group PLC

27 February 2020

27 February 2020

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain .

TP Group plc

("TP Group", "the "Company" or the "Group")

UK Defence Consulting Contract

TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, announces that it has been awarded a 2-year contract by the Ministry of Defence ("MoD") worth c. GBP5 million, with an option to extend for a further six months, worth an additional GBP1 million.

This contract is to provide multi-disciplinary customer support to the Army HQ's multi-billion-pound Land Environment Tactical Communication and Information Services & Systems (LE TacCIS) Programme.

The work involves a wide range of technical, transformation and programme management activities that will be delivered by TP Group's Consulting and Programme Services business, building upon the continuous support provided by this team since 2016.

Phil Cartmell, Chief Executive Officer of TP Group, commented:

"The renewal of this contract is an excellent return on all the hard work and technical support provided by the TP Group team over the last 3 years. Army HQ have become a major customer for the Group and this work has been at the centre of significant growth in our consulting business."

"We are very pleased to work with the Army in building a technically sophisticated communications and information service that supports their operations from personnel in the field to decision-making at the command centre."

For further information, please contact:

 
  TP Group plc                              Tel: 01753 285 810 
  Phil Cartmell, Chief Executive Officer 
  Derren Stroud, Chief Financial Officer 
  www.tpgroup.uk.com 
 
  Cenkos Securities plc                     Tel: 020 7397 8980 
  Stephen Keys / Mark Connelly / Callum 
   Davidson 
  www.cenkos.com 
 
  Vigo Communications                       Tel: 020 7390 0230 
  Jeremy Garcia / Fiona Henson / Charlie 
   Neish 
  www.vigocomms.com 
 

Notes to Editors

TP Group delivers complex equipment, software and services for mission, business and safety critical applications in defence, space, intelligence & security and energy sectors. With more than 400 people in 6 European countries, it serves global customers through long-term contracts. The Group's shares have been traded on AIM since July 2001.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

CNTKKABQCBKDKBB

(END) Dow Jones Newswires

February 27, 2020 02:00 ET (07:00 GMT)

Grafico Azioni Tp (LSE:TPG)
Storico
Da Mar 2024 a Apr 2024

Grafico Azioni Tp (LSE:TPG)
Storico
Da Apr 2023 a Apr 2024