PWR Holdings climbs after securing a $13.5m contract for US govt project
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More news: PWR Holdings shares jumped after the company secured a $13.5 million follow-on contract for a US government project that is expected to occur in FY27 with the project scheduled to extend over multiple years.
Shares of PWR Holdings were up 9.23% to $9.52 per share at 12:47pm AEDT.
PWR Holdings wins $13.5m follow-on contract for US govt project
The news: Automotive cooling products manufacturer PWR Holdings has secured a $13.5 million follow-on contract for a US government project.
The context: The new contract follows PWR's $9 million order to supply advanced cooling solutions for the same project, announced a year ago.
Delivery under the new contract is expected to occur in FY27. The project is scheduled to extend over multiple years.
What they said: "... securing a follow-on order reflects the successful delivery of that first phase and demonstrates our ability to execute reliably and adapt to evolving program requirements on complex projects," said PWR's acting CEO Matthew Bryson.
"Continued delivery on this platform supports PWR's growing reputation as a leader in advanced cooling technology for aerospace and defence applications."
The source: ASX
