8 September 2021
Avon Protection plc
U.S. Army next-generation ballistic helmet contract award
Avon Protection plc is pleased to confirm the award of a contract worth up to $87.6 million over two years to develop and supply the U.S. Army with the next generation Integrated Head Protection System ("IHPS") as part of a dual sourced programme. This contract replaces the next generation IHPS contract announced on 24 September 2020 which was withdrawn following a competitor protest.
Following this award, the U.S. Army has placed an order worth $1.3 million for first article test samples for delivery in the first half of our 2022 financial year. Production under the contract will follow on from the existing low-rate initial production contract for the first generation IHPS which, following the extension announced on 1 April 2021, is due to end in 2022.
Commenting, Paul McDonald, Chief Executive Officer, said:
"I am delighted that Avon Protection will continue to work with the U.S. Army to deliver the next generation Integration Head Protection System.
This contract demonstrates our ongoing commitment to developing next generation ballistic protection systems and further strengthens the medium-term outlook."
For further enquiries, please contact:
| Avon Protection plc | |
| Paul McDonald, Chief Executive Officer | 01225 896 848 |
| Nick Keveth, Chief Financial Officer | |
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| MHP Communications | |
| Andrew Jaques | 0203 128 8570 |
| Charlie Barker | |
| Pete Lambie |
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Legal Entity Identifier: 213800JM1AN62REBWA71
Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) ("MAR") prior to its release as part of this announcement and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
Note to editors:
Avon Protection plc is listed on the London Stock Exchange (LSE: AVON) and is an innovative technology group, which designs and produces life critical personal protection systems to maximise the performance and capabilities of its customers, with leading positions in the respiratory and ballistic protection markets for the world's militaries and first responders.
For further information, please visit our website www.avon-protection-plc.com.
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