Protective equipment manufacturer Avon Technologies confirmed on Friday that Team Wendy Ceradyne has received delivery orders totalling over $40m from the US Army and the Defense Logistics Agency.
Source: Sharecast
The FTSE 250-listed firm stated the orders were under the Next Generation Integrated Head Protection System helmet contract, which was previously awarded in September 2021.
Chief executive Jos Sclater said: "Securing the highest share of both DLA and ACC delivery orders against competition is a strong endorsement of Team Wendy's product performance and improving operational execution.
"These awards build our order book and provide important long-term visibility, underpinning our confidence in the Group as we continue to deliver and strengthen our position with the US DoW."
As of 0910 BST, Avon Technologies shares were down 0.34% at 1,734p.
Reporting by Iain Gilbert at Sharecast.com
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