Engineer training and support solutions provider Pennant International Group saw its share boosted 15% on Tuesday after adding £3.5m to the value of an existing contract.
Technical training solutions company Pennant International reported a decrease in profits for 2017 on Monday, despite achieving revenue growth over the year.
AIM-listed management service provider Pennant International Group announced on Monday that it had finalised an agreement that would see it team up with Swiss firm Resource Group to supply a number of services across multiple revenue streams.
Integrated training and support solutions provider Pennant International Group updated the market on its trading on Monday, ahead of the announcement of its interim results for the six months to 30 June, which were scheduled to be released on 11 September.
Integrated logistic support solutions, products and services supplier Pennant International Group confirmed on Wednesday that its wholly owned subsidiary, Pennant Training Systems, had been notified that Lockheed Martin UK had exercised its option to increase the value of the contract announced on 16 June 2016.
Support service provider Pennant International Group's contract with Public Services and Procurement Canada has been amended, adding £2.3m (CA$3.8m) in value to the deal.
Pennant International chief executive Chris Snook has sold more than two thirds of his stake in the company alongside the support service company's £3.56m fundraising.
Shares in Pennant International are up almost 6% after it won a second contract from Lockheed Martin Mission Systems Corp, and issued a very upbeat trading statement for 2016 and 2017.
Pennant International Group was up more than 40% as it confirmed new Middle East contract wins totalling more than £13m and running through to end-2017.
Supplier of integrated logistic support solutions Pennant International announced the retirement of its chairman Christopher Powell on Tuesday.
Pennant International finalised a deal with significant potential value on Friday, signing a contract with an unnamed aerospace and defence contractor.
Equities were expected to start the week slightly lower, weighed down by the mixed close to US trading on Friday, ahead of speeches from several Fed speakers and the latest US non-farm payrolls reports looming large on the horizon.
Pennant International's wholly-owned subsidiary, Pennant Training Systems, has been awarded a contract worth in excess of £7m by an unnamed global aerospace and defence contractor which is a new customer for Pennant.
Shares in management services group Pennant International plummeted over 14% on Tuesday, as the group said contract delays weighed on full-year revenue.
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Full-year profit rises 40 per cent; Wins a string of major contracts; Confident for future trading, lifts dividend payment 30 per cent