Avon seal further M50 business
Avon Rubber has announced this morning that it has received an order for 47,000 M50 masks from the US DoD.
Avon Rubber p.l.c. is pleased to announce the receipt of an order for 47,000 M50 mask systems worth $12.6 million from the US Department of Defense.
Given the anticipated sales of M50 mask systems to the DoD for our 2018 financial year have already been secured by previous orders, this order contributes towards building the order book for their 2019 financial year.This comes under the IDIQ (indefinite delivery indefinite quantity) contract and is therefore not unexpected - it brings the orders for 2018 so far to 149k and the accumulated total number of masks received by the DoD since 2008 to 1.944m.
Peel Hunt have stated that Avon remains one of their top picks in the sector