TP Group notches order from UK defence ministry

Writer, Stock Market Wire
Tuesday, February 5, 2019 - 09:47

Engineering company TP Group announced the award of an order worth around £1.2m from the Ministry of Defence to provide lithium-hydroxide curtains for management of carbon dioxide contamination on submarines.

The order was placed as part of an estimated £22m framework contract previously entered into between TP Group and the ministry announced in April 2017.

The order would be delivered by Micropore, TP Group's strategic partner in the US.

'We are pleased to see the first significant commercial order since signing our partnership with Micropore,' chief executive Phil Cartmell said.

At 9:47am: (LON:TPG) TP Group Plc share price was +0.13p at 6.5p


Related content

TP wins order to supply equipment for new submarine

Specialist engineer TP Group said it had won an order worth £0.8m to supply carbon dioxide removal equipment for a new-build submarine.

The order from...

Wed, 30/01/2019 - 07:56


TP Group wins £6.4m contract from Baker Hughes

Specialist services and engineering company TP Group said it had won an additional contract from GE company Baker Hughes within the nuclear sector valued at...

Tue, 22/01/2019 - 07:24


TP Group sees annual revenue beat; adjusted profit in line

Defence and energy engineering company TP Group said it had delivered annual revenue and cash ahead of market expectations, though adjusted operating profit was in...

Tue, 15/01/2019 - 07:56


TP Group wins first order for Westkek

Specialist engineer TP Group said it had won an order from a customer in the United Arab Emirates worth around £0.8m.

It was the first...

Tue, 20/11/2018 - 08:21


TP Group acquires military computer server supplier Westek Technology

Engineering company TP Group said it had acquired heavy-duty computer server supplier Westek Technology for up to £3.5m.

The deal included an initial payment of...

Mon, 05/11/2018 - 08:31