REG - Pennant Int. Group - GenFly Contract Award - valued at up to £5.75m

Pennant InternationalAnnouncement

25/11/2025 12:45

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RNS Number : 9414I  Pennant International Group PLC  25 November 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
 
            25 November 2025

 

 

PENNANT INTERNATIONAL GROUP PLC

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

 

GenFly Contract Award

Contract Value up to £5.75 million

 

Pennant International Group plc (AIM:PEN), is pleased to announce that the
GenFly upgrade contract has now been formally awarded by the UK Ministry of
Defence and the agreement signed.

The contract is structured as an initial upgrade of one GenFly device for
£2.75 million with options to upgrade two additional devices for circa £1.5
million each. The final agreed contract value including options is £5.75
million, and revenue will be recognised as costs are incurred over time, with
the programme commencing this December with an expected three-year duration.

 

This programme is in line with the Company's strategy to deliver
modifications, retrofits and overhauls to its installed base through a
streamlined Training Systems business, while it continues with the development
and commercialisation of the Auxilium suite.

 

In its Interim Results announcement of 16 September 2025, the Company
confirmed it was in advanced negotiations in respect of over £10 million of
opportunities and, with today's award and the wins announced on 8 October
2025, orders totalling £9.5 million have now been secured, with negotiations
continuing on additional single-source opportunities.

 

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                                       +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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