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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCNKBBKKBDDOKK