8 August 2011
| AVON.L | 8:21AM | 249.50 |  7.50 - 3.10% |
Avon is pleased to announce that it has been awarded a 3 year IDIQ (indefinite delivery indefinite quantity) contract from the US Department of Defense for the continued supply of M61 filters for use with Avon's M50 respirator.
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The maximum contract value is approximately $38 million with an initial order value of $11 million which we expect to fulfill in this financial year.
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Commenting on the news, Peter Slabbert, Chief Executive said: "As we anticipated when investing in additional production capacity in 2010, we are seeing growing demand for the consumable filters as increasing numbers of mask systems are supplied and issued to the troops in the field. As the sole source supplier of this unique conformal filter, we believe this growth will continue. "
The company will release its next Interim Management Statement on 18 August.
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For further enquiries, please contact:
Avon Rubber p.l.c. | |
Peter Slabbert, Chief Executive | 01225 896 870 |
Andrew Lewis, Group Finance Director | 01225 896 830 |
Fiona Stewart, Corporate Communications Executive | 01225 896 871 |
Weber Shandwick | |
Nick Oborne / Stephanie Badjonat | 020 7067 0700 |
NOTES TO EDITORS: Avon Rubber p.l.c. is a world leader in the design, test and manufacture of advanced Chemical, Biological, Radiological and Nuclear (CBRN) respiratory protection solutions to the worlds military, law enforcement, first responder, emergency services, fire and industrial markets. Avon has a unique capability in CBRN protection based on a range of advanced CBRN technologies in respirator design, filtration and compressed air breathing apparatus. This enables Avon to develop specialised solutions that take full account of user requirements. Avon also owns a world leading dairy business manufacturing liners and tubing for the automated milking process.
For further information please visit the Group's website www.avon-rubber.com
For further information please visit the Group's website www.avon-rubber.com
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