TPG Tp Group Plc

TIDMTPG

RNS Number : 8927O

TP Group PLC

07 October 2019

7 October 2019

TP Group plc

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

Military satellite communications contract

TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, announces that it has been appointed as a key part of the team which has won the Ministry of Defence ("MOD") Skynet Client Side Support ("CSS") contract.

This arrangement has been confirmed with the issue of the first task orders, with a committed value of GBP1.5million to be delivered over the next 12 months.

Working with the prime contractor for CSS, PA Consulting, TP Group is providing technical assurance, approvals, analysis and cost estimation expertise to the third largest acquisition project in MOD. The full CSS contract is planned to last for 5 years and has an advertised value of GBP150m.

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

"We are very pleased to join the PA Consulting team for such a prestigious project in military satellite communications and technology. Following the acquisition of Sapienza Consulting earlier this year, this win cements the Company's role as a trusted partner to MOD in this high technology field and positions the Group for other major space programme work throughout Europe."

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 / 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 designs and develops advanced technologies, engineers complex equipment and systems, and provides support throughout their operational life. The Company'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

CNTLLFIRIALSIIA

(END) Dow Jones Newswires

October 07, 2019 02:00 ET (06:00 GMT)

Tp (LSE:TPG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

Tp (LSE:TPG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024