Delayed Avon Rubber US contract gets green light
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.
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
This protest has now been withdrawn and the firm is able to proceed with the execution of delivery orders under that contract.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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for you
Consumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator
-
Zoopla: House prices slows to 1.4% in May as rate of sales at four year high
The average UK property now costs £268,400, Zoopla says, but some areas of the country are experiencing much higher price growth than others.