REG - Pennant Int. Group - Contract wins

Pennant InternationalAnnouncement

08/10/2025 10:45

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RNS Number : 5646C  Pennant International Group PLC  08 October 2025

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

FOR IMMEDIATE RELEASE
 
       8 October 2025

 

 

PENNANT INTERNATIONAL GROUP PLC

("Pennant", the "Company" and together with its subsidiaries the "Group")

 

Contract wins

 

Pennant International Group plc (AIM:PEN), the systems support software and
training solutions company, is pleased to announce two new contract wins
within its Training Systems segment.

In its Interim Results announcement of 16 September 2025, the Group confirmed
that it was in the advanced stages of negotiations in relation to potential
new contracts worth in excess of £10 million. The Group is pleased to confirm
that two of these opportunities have now been converted.

 

An order has been secured for £3.6 million from BAE Systems Australia as an
uplift to the Group's long-term agreement with BAE in region. Pennant will
supply a set of five new training systems, comprising a variant of the Group's
existing Integrated Avionics Maintenance Trainer (IAMT) device, which will
enhance maintenance training and enable the retirement of older training aids
currently supported under the contract.

 

The expected duration of the programme is two and a half years, and the order
provides a milestone payment plan (with stage-based cash payments) such that
the performance of the contract is not anticipated to require additional
working capital. Revenue is expected to be recognised over the 2.5-year period
in line with performance of the contract.

 

Additionally, the Group has been awarded a contract by a new customer - a
European aircraft equipment OEM - for the first phase of an interactive 3D
graphical training package. The initial phase of the contract is worth
approximately £0.15 million and is expected to grow to up to £0.8 million if
and when additional phases are selected. The initial phase is expected to be
completed within six months.

 

Negotiations relating to the other opportunities previously announced
(including the GenFly upgrade) are continuing, and the Group will provide
further updates in due course.

 

Enquiries:

 

 Pennant International Group plc                  www.pennantplc.com (http://www.pennantplc.com)
 David Clements, Company Secretary                +44 (0) 1452 714 914

 Cavendish (Nominated Adviser and Sole Broker)    www.cavendish.com (http://www.cavendish.com)
 Ben Jeynes / Callum Davidson / George Lawson     +44 (0) 207 220 0500

 (Corporate Finance)
 Michael Johnson / Dale Bellis / Sunila de Silva

 (Sales and Corporate Broking)

 Walbrook PR (Financial PR)                       pennant@walbrookpr.com (mailto:pennant@walbrookpr.com)
 Tom Cooper                                       +44 (0)20 7933 8780

 Joe Walker                                       Mob: +44 (0)7407 020 470

 

 

Notes to editors:

Pennant International Group plc (AIM: PEN) is a technology driven, leading
global provider of system support software and services, technical services,
and training solutions. It supports its global customer base in the design,
development, operation, maintenance, and training of complex assets, to
maximise operational and maintenance efficiency.

 

Its key markets include Aerospace, Defence and Rail, and adjacent
safety-critical markets such as Shipping, Nuclear and Space.

 

 The Group addresses the market through three key business segments:

 

•             Auxilium software: a key generator of recurring
revenues through the provision of a suite of software tools designed to help
clients: manage and use complex data; ensure equipment availability at optimal
cost; and comply with industry standards.  Its Integrated Product Support
(IPS) and Integrated Logistics Support (ILS) software and services equips
customers with powerful market-leading toolsets to manage, model and utilise
complex equipment data.

 

•           Technical Services: drives repeatable revenues through
expert support for users of Pennant and third-party solutions including
consultancy, support and maintenance, training and bespoke development.

 

•             Training Systems: project-based revenues relating to
the design and build of hardware, software and virtual training solutions for
maintainers and operators of aircraft, ships and land systems.

 

Pennant is strategically focused on sustainable recurring and repeatable
revenues and profitability growth, shifting its model towards high margin
software and services. Against a climate of rising defence budgets and the
burgeoning technological complexity of military, aviation and rail platforms,
the demand for these solutions is expected to grow substantially.

 

Headquartered in Cheltenham, UK, the Group operates worldwide, with offices in
the UK, North America and Asia-Pacific, serving markets with high barriers to
entry often in regulated industries.

 

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