LONDON (ShareCast) - (ShareCast News) - Pennant International's wholly-owned subsidiary, Pennant Training Systems, has been awarded a contract worth in excess of £7m by an unnamed global aerospace and defence contractor which is a new customer for Pennant.
AIM-listed Pennant, which supplies integrated logistic support solutions, products and services, said the contract is for the development of computer-based training and electro-mechanical maintenance trainers.

It includes further options which, if exercised will increase the total value to in excess of £9m over the life of the contract, the company said.

Chief executive officer Chris Snook said: "This is a milestone contract for Pennant with one of the world's largest aerospace and defence contractors and we very much look forward to working in partnership to jointly deliver a value for money training solution."

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