- Avon Rubber on Monday said its Avon Protection division won a $92.7m contract to supply the US Department of Defense with the M69 Aircrew Mask.

The contract had a maximum value of $92.7m with a five-year base period plus two further one-year option periods, the company said.

Avon Protection also said it anticipated receiving the first order under thie contract shortly, with deliveries expected to commence in the second half of the current financial year.

The first order would contribute to company's expected military revenues for the 2019 financial year, Avon confirmed. 'We are continuing to pursue a number of other identified opportunities with the DoD and Rest of World Military customers, both to extend our portfolio further and broaden our customer base,' Avon added.

At 9:40am: [LON:AVON] Avon Rubber PLC share price was +60p at 1320p

Story provided by