Avon Technologies gets $18m helmet order
announced on Monday that its subsidiary, Team Wendy Ceradyne, has received an $18m delivery order from the US Defense Logistics Agency.
The London-listed company said the order was part of the US Army's Next Generation Integrated Head Protection System (NG IHPS) helmet programme.
It said the contract came under the NG IHPS IDIQ framework agreement initially awarded in September 2021.
That framework supports the US Army's ongoing efforts to enhance soldier protection through advanced helmet systems.
"We continue to see good levels of demand for Team Wendy's head protection systems from the US DOD demonstrating our leading ballistic shell and traumatic brain injury mitigation technology and long-term contract positions," said chief executive officer Jos Sclater.
"We look forward to continuing our support to the U.S. Military with this vital, lifesaving, protection equipment."
At 0802 GMT, shares in Avon Technologies were up 2.19% at 1,494p.
Reporting by Josh White for Sharecast.com.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.