Avon Rubber p.l.c. is pleased to announce that Avon Protection has been awarded a sole source requirements contract to supply the U.S. Department of Defense ("DoD") with the M50 Mask System, related spares and accessories. The contract has an initial maximum value of $50m over a duration of five years.
Avon Protection anticipates receiving the first order under this contract shortly with deliveries expected to commence in the second half of the current financial year and contributing to our expected Military revenues for the 2020 financial year.
Commenting, Paul McDonald, Chief Executive Officer, said:
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“I am delighted to announce this sole source M50 sustainment contract which further underpins the outlook for our Military business and demonstrates our long-term relationship with this important customer.
The M50 mask system remains an important part of our Avon Protection portfolio, with the installed base of over two million masks continuing to support strong sustainable revenues from replacement mask systems as well as filters, spares and accessories.”
Source: Avon Rubber p.l.c.
Date: Jun 24, 2020