REG - Pennant Int. Group - Training Systems Contract Win

Pennant InternationalAnnouncement

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RNS Number : 6863D  Pennant International Group PLC  11 May 2026

PENNANT INTERNATIONAL GROUP PLC

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

Training Systems Contract Win

 

 

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

 

This new customer contract, initially valued at £1.0m, is for the supply of a
virtual training simulator developed specifically for a UK manufacturer of air
defence applications. The initial order covers the design, development and
testing of the simulator and is subject to the provision of a bank guarantee
which is being finalised and expected shortly.  Following the successful
delivery of this phase, Pennant expects further series production orders from
2027, to support the training requirements of the customer's end users in
operational battlefield environments, providing additional follow on revenue
opportunities for the Group.

 

This contract further strengthens Pennant's order book, with over £11m of new
orders secured within the Training Systems segment since the Group's Interim
Results in September 2025. Delivery of the initial contract is expected in H2
2026.

 

 

Phil Walker, CEO, commented:

 

"This latest Training Systems contract is the culmination of 12 months of
partnership with our new customer, representing a UK company collaboration to
combine world leading air defence systems with market leading synthetic
training systems, continuing to fulfil Pennant's core objective of ensuring
that mission critical assets are available where and when they are needed. It
is also pleasing to introduce a new product to the market that is truly
scalable. We expect to be working with this customer for years to come as they
continue to expand their business."

 

 

Enquiries:

 

 Pennant International Group plc                  www.pennantplc.com (http://www.pennantplc.com)
 Phil Walker, CEO                                 +44 (0) 1452 714 914

 Darren Wiggins, CFO

 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

 Marcus Ulker                                     +44 (0)797 122 1972

 

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 offerings:

 

•              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 equip
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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