REG - MS International PLC - Contract For Electro-Optical Sight Systems

MS InternationalAnnouncement

02/10/2023 11:15

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RNS Number : 3739O  MS International PLC  02 October 2023

2 OCTOBER, 2023

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018

 

MS INTERNATIONAL plc

(the "Company")

 

CONTRACT TO SUPPLY ELECTRO-OPTICAL SIGHT SYSTEMS TO THE US NAVY

 

The Company is pleased to announce that a further contract has been awarded by
the United States Navy to our wholly owned subsidiary company, MSI-Defence
Systems US LLC, which is based in Rock Hill, South Carolina, USA.

 

This contract is for $15.8 million and is for the supply of our newly
developed MSI-DS Electro-Optical Sights System (which US Navy nomenclature
identifies as the US Mk48 MOD2 Electro-Optical Sight Systems) as part of our
MSI-DS 30mm  weapon systems. Delivery of all equipment is for no later than
 31 May, 2025.

 

The Electro-Optical Sight System is a new, fully tried and tested system
developed in house by MSI- Defence Systems Ltd in our Norwich facility.

 

In the Company's annual financial report for the year ended 30 April 2023, the
Chairman Michael Bell stated "We perceive that we are achieving a significant
upward step change in the further development of the Company that will again
bring additional rewards and success for the business".

 

This contract is further confirmation of that upward step change and follows
the Company's announcements on 1 September 2023 of the award of the contract
by the United States Navy for the procurement of supplies and services to
maintain the US Navy Mk38 MOD4 weapon systems with a budget ceiling of $49.8
million over the period to 30( )June 2028 and on 29 September of the award of
the contract by the United States Navy for the supply of Mk 38 MOD4 gun mounts
with a value of $23.5 million.

 

 

 

For further information please contact:

 

MS INTERNATIONAL
plc
Tel: +44 (0)13 0232 2133

Michael Bell

 

Shore Capital

Nomad and
Broker
Tel: +44 (0)20 7408 4090

Patrick Castle/Daniel Bush/Lucy Bowden

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