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LPA Group PLC - Essex-based engineering firm focused on electronic and electro-mechanical components and systems - Secures £1.7 million contract from an unnamed ‘major UK-based train builder’. Says the contract is for the supply of rail inter-car jumpers for the replacement programme on the Electrostar fleet. Adds that project deliveries will begin immediately, continuing until June next year.
Chief Executive Philo Daniel-Tran says: ‘Our commitment to invest in the acquisition of the Amphenol product range in 2023 is endorsed by this contract win and demonstrates that the rail aftercare market continues to be a key sector for LPA. We look forward to working collaboratively with the customer to support the maintenance and refurbishment of the Electrostar fleet.’
Current stock price: 59.51 pence, closed up 8.2% on Wednesday in London
12-month change: down 24%
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