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Josh White Sharecast News
02 May, 2018 16:00 02 May, 2018 16:00

TP Group gets another MoD call-off

TP Group announced the award of a second call-off by the Ministry of Defence on Wednesday, under the framework contract for Combined Oxygen Generating Systems, first announced on 11 April 2017.

TPG

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The AIM-traded said the call off, worth around £12.5m, was for a number of COGS units and additional ancillary items for in-service Royal Navy submarines.

With the call-off, all options under the framework had now been taken up.

The systems would be manufactured by TPG Engineering, and were expected to be fully delivered by 2026.

“We are delighted to confirm the next step on this long-term agreement which demonstrates the strength of our support to the MoD's submarine programmes and provides further visibility of revenues in the engineering business unit,” said CEO Phil Cartmell.

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