Avon Rubber, which makes tubing for the dairy industry and gas masks for the military, has seen off the challenge to one of its contract wins by a disgruntled losing bidder.
The company is now able to proceed with the delivery of orders under a five year $176m contract for the M61 filter won in December 2011.
The firm was unable to make the delivery of the initial order worth $2.5m after a contractual protest to the US Department of Defense was launched by one of the losing bidders.
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This protest has now been withdrawn and the firm is able to proceed with the execution of delivery orders under that contract.
The share price rose 3.96% to 315.00p by 13:35.
NR
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