Pennant International Group, an AIM-listed supplier of integrated logistics support solutions, products and services, has been awarded its largest ever contract.
The deal, which is worth approximately £16m over a period of five years is for the development and through life support of training equipment.
The contract has the potential to be expanded for up to 20 years.
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Pennant's share price rocketed 49.43% to 65p by 14:40.
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