Report

Avon Rubber - Another successful mask campaign

Further positive news for Avon Protection comes from the award of the M53A1 mask and powered air systems sole source contract by the US Department of Defense. It is another IDIQ (indefinite delivery/indefinite quantity) contract with a maximum value of $246m over its seven-year term with a five-year base period and two one-year extension periods. The first order is expected shortly. As with the M69 aircrew mask systems contract award in January, the latest success had already been incorporated in guidance so does not affect forecasts. However, it does further underpin expectations for the division over the next five years.
Underlying
Avon Rubber PLC

Avon Rubber is a technology group focusing on respiratory protection systems and milking point solutions through its two businesses, Avon Protection and milkrite , InterPuls. Avon Protection is a provider in Chemical, Biological, Radiological and Nuclear respiratory protection systems for the world's Military, Law Enforcement and Fire markets. milkrite , InterPuls provides milking point solutions to customers across the world.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Andy Chambers

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