StockMarketWire.com - Military equipment maker Avon Rubber said the value of its existing US Army Integrated Head Protection System low rate initial production contract would increased by an estimated $28.4 million.

'As part of this modification the U.S. Army has placed an order under this contract worth $18.9 million,' the company said.

'Deliveries under this modification are expected to commence in our current financial year and will contribute to our military revenues for the year,' it added.








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