Pennant gets lift off on helicopters contract

Pennant, the computer simulation training and logistics company, shot up on Monday on the back of an increase in the size of its AgustaWestland helicopters contract.

Pennant, the computer simulation training and logistics company, shot up on Monday on the back of an increase in the size of its AgustaWestland helicopters contract.

Pennant's biggest business is providing training systems for engineers, mainly in the defence sector, with the Training division generating 52% of group revenues in 2011, up from 45% in 2010. Data Service now accounts for 17% of revenues (2010: 20%) while Software Services is now at 31%, down from 35% in the prior year.

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