REG - MS International PLC - Supply of MSI-DS 30mm Gun Mounts to US Navy

MS InternationalAnnouncement

29/09/2023 08:30

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RNS Number : 1572O  MS International PLC  29 September 2023

29 September 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 MSI-DS 30mm GUN MOUNTS TO THE US NAVY

 

The Company is pleased to announce that a "first production and supply"
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 first contract is for $23.5 million and is for the supply of US Navy Mk38
MOD4 gun mounts (which is the US Navy nomenclature for our MSI-DS 30mm gun
mounts).  Delivery of all equipment is for no later than 18 December 2024.

 

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 announcement 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.

 

 

 

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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