Avon Rubber, the gas masks and dairy products company, has dropped sharply this morning after reporting a legal challenge over an order from the US Department of Defence.
The losing bidder in a tender for gas masks (more precisely, "filters") is challenging the award of the contract and Avon expects this to delay deliveries. The contract is a big deal for the company, worth $176m, with an initial $2.5m for immediate delivery, so the time lag is a problem.
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