AIM-listed training technology company Pennant International Group has won four contracts worth over £3.5m.
The Gloucestershire business, which specialises in training technology for aviation industry has won a contract on an Australian defence programme to supply software solutions and technical services worth £2.8m over five years.
The IPS software and services company has also secured and upgrade on an existing Australian contract to provide specialist facilities and services worth £640,000 over five years.
Read more: Pennant records 'much improved performance' in its end of year results
This in addition to a £250,000 perpetual software licence to a European defence department and a contract for technical railway mapping services in the UK, worth circa £130,000 this year.
The first order is particularly significant as it represents the first sale of Pennant's new GenS software, which will be fully launched to market in early 2024.
GenS is the successor product to OmegaPS and is the next generation of Integrated Product Support software - a Windows application, hosted on premise or via the cloud, deployable on laptops or tablets, and which enables the seamless management of equipment data across complex programmes.
Phil Walker, group chief executive commented: "These new contract wins demonstrate that recent momentum has been maintained in building our new business model. It is especially pleasing to secure the first sale of the new GenS solution."
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