Pennant secures £1m training systems contract

11th May 2026 13:33

(Sharecast News) - Pennant International said on Monday that it had secured a new training systems contract worth an initial £1m with a UK manufacturer of air defence applications.

The AIM-traded systems support software and training solutions company said the contract covered the supply of a virtual training simulator developed specifically for the customer.

It said the initial order included the design, development and testing of the simulator, and remained subject to the provision of a bank guarantee, which was being finalised and expected shortly.

Delivery of the initial contract was expected in the second half of 2026.

Pennant said that, following successful delivery of the first phase, it expected further series production orders from 2027 to support the training requirements of the customer's end users in operational battlefield environments.

The company said the award further strengthened its order book, with more than £11m of new orders secured within the training systems segment since its interim results in September 2025.

Chief executive Phil Walker said the contract followed 12 months of partnership with the new customer and represented "a UK company collaboration to combine world leading air defence systems with market leading synthetic training systems".

"It is also pleasing to introduce a new product to the market that is truly scalable," he said.

"We expect to be working with this customer for years to come as they continue to expand their business."

At 1309 BST, shares in Pennant International Group were up 15% at 20.7p.

Reporting by Josh White for Sharecast.com.

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