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05 Feb, 2024 08:59

Avon Protection gets third helmet order under US Army contract

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Avon ProtectionSharecast graphic / Josh White

Avon Protection has announced the receipt of a significant contract from the US Army on Monday.

The London-listed company confirmed its third delivery order, valued at $36m, as part of the ‘Next Generation Integrated Head Protection System’ (NG IHPS) helmet contract.

It was first awarded the contract in September 2021.

“This order is a testament to the strength of our long-term contract positions, the growing demand in our addressable markets and the trust our customers place in our cutting-edge technologies every single day, all of which further underpin our position as a leader in mission-critical ballistic head protection,” said chief executive officer Jos Sclater.

At 0839 GMT, shares in Avon Protection were up 3.7% at 1,010p.

Reporting by Josh White for Sharecast.com.


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.