Avon wins US defence contract

8th Aug 2011 13:42

High-tech rubber products provider Avon has won a three-year contract with the US Department of Defense, worth a maximum of around $38m. The contract, which has an initial order value of $11m and is to be carried out on an indefinite delivery indefinite quantity basis, will see Avon continue to supply the department with M61 filters for use with Avon's M50 respirator. Commenting on the news, Peter Slabbert, Chief Executive said: "As we anticipated when investing in additional production capacity in 2010, we are seeing growing demand for the consumable filters as increasing numbers of mask systems are supplied and issued to the troops in the field. "As the sole source supplier of this unique conformal filter, we believe this growth will continue."The share price was up 4.75% to 253.50p at 13:50. NR