News blog

Pennant International Group

  • BY: Andrew Hore |
  • POSTED: 19/07/2016 |

Defence and support services provider Pennant International has added nearby premises in Cheltenham in order to cope with the requirements of orders won in recent months. 

An additional 8,000 square feet of premises will take the total in Cheltenham to more than 20,000 square feet.  Lockheed Martin, General Dynamics and Middle East air forces have placed orders for simulation and emulation equipment and services.

WH Ireland forecasts a 2016 pre-tax profit of around £2m.

The share price rose 2.5p to 58p, which is double the low achieved in May. The shares are trading on just over eight times prospective 2016 earnings. Forecast revenues for 2016 and 2017 are covered by the order book.

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