PNG Weapons Deal ProgressesBrisbane, Australia - Metal Storm Limited has been advised by the Papua New Guinea Department of Correctional Services that the government ratification process for the contract with Metal Storm has taken an important step forward.
Correctional Services Minister, the Hon. Tony Aimo advised the Company that the PNG National Security Advisory Council had approved the destruction of the obsolete weapons currently in use in the Department.
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"The approval to destroy existing outdated weaponry is important for Correctional Services as our officers need more effective weapons to provide the level of security needed for our prisons", he said. "The NSAC approval requires us to quickly move ahead with our acquisition program".
PNG Correctional Services has a contract with Metal Storm that is subject to ratification through normal government protocols, of which NSAC approval was an important part. The contract, signed by the Minister and Acting Commissioner of Correctional Services in August 2010, is valued at US$3.36 million and requires Metal Storm to deliver 500 12 gauge 5 shot automatic launchers, together with 50,000 rounds of non lethal ammunition.
Minister Aimo said that he was looking forward to the provision of these lightweight and effective weapon systems to his Correctional Services Officers.
Source : Metal Storm Limited (ASX: MST)
Sep 23 - 24, 2014 - London, United Kingdom