Avon Protection plc is pleased to announce the award of a contract to supply the U.S. Defense Logistics Agency with the second-generation Advanced Combat Helmet.
The contract has a maximum value of $204 million over a five-year duration, being a one-year base period with a maximum value of $46 million plus four further one-year extension options. The base year has a minimum value of $7 million.
Initial revenues are expected in our 2024 financial year, following completion of First Article Testing in 2023.
Commenting, Paul McDonald, Chief Executive Officer, said:
"This is another significant, multi-year helmet contract for Avon Protection, following the award for the U.S. Army next-generation Integrated Head Protection System. By combining Ceradyne’s helmet shell moulding capabilities and Team Wendy’s helmet liner and retention system technologies, we have further enhanced our leadership position in helmet technology and broadened our portfolio, increasing our competitiveness in mid-specification ballistic helmets.
This contract helps underpin the medium-term outlook and visibility for Avon Protection and reflects the strength of our offering to both military and first responder customers globally."