Avon Rubber (AVON)

Sector:

Defense and Aeronautics

Index:

FTSE 250

3,180.00p
   
  • Change Today:
      40.00p
  • 52 Week High: 3,235.00
  • 52 Week Low: 1,252.00
  • Currency: UK Pounds
  • Shares Issued: 31.02m
  • Volume: 50,659
  • Market Cap: £986.53m
  • RiskGrade: 266

Avon Rubber wins dual-source framework contract with US Army

By Iain Gilbert

Date: Monday 02 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Specialist technology group Avon Rubber has been awarded a four-year, dual-source framework contract to supply the US Army with its next-generation Vital Torso Protection X-Side Ballistic Insert body armour plates.

Under the terms of the agreement, Avon Protection will compete for each order of the $265m contract, with delivery of initial orders expected to take place in the 2021 financial year following receipt of product approvals.

Together with the AIM-listed group's existing $704m deal to supply the US Army with Enhanced Small Arms Protective Insert and X-Small Arms Protective Insert body armour plates, Avon said the new contract reflected its "leading" market position and underpinned its expected medium-term revenues.

Chief executive Paul McDonald said: "This is another significant, multi-year contract for Avon Protection and demonstrates our position as a leading provider of next-generation body armour to the US armed forces.

"This further strengthens the medium-term outlook and visibility for Avon Protection and represents encouraging momentum in our newly acquired ballistic protection business."

As of 1105 GMT, Avon shares were up 0.92% at 2,755p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Avon Rubber Market Data

Currency UK Pounds
Share Price 3,180.00p
Change Today 40.00p
% Change 1.27 %
52 Week High 3,235.00
52 Week Low 1,252.00
Volume 50,659
Shares Issued 31.02m
Market Cap £986.53m
RiskGrade 266

Avon Rubber Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.06% below the market average99.06% below the market average99.06% below the market average99.06% below the market average99.06% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
96.67% above the market average96.67% above the market average96.67% above the market average96.67% above the market average96.67% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
94.72% below the market average94.72% below the market average94.72% below the market average94.72% below the market average94.72% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
34.73% below the market average34.73% below the market average34.73% below the market average34.73% below the market average34.73% below the market average
23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Avon Rubber Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Aug-20 13-Feb-20
Paid 04-Sep-20 13-Mar-20
Amount 9.02p 13.89p

Trades for 26-May-2020

Time Volume / Share Price
16:35 10,087 @ 3,180.00p
16:29 8 @ 3,130.00p
16:29 54 @ 3,135.00p
16:29 4 @ 3,140.00p
16:29 31 @ 3,140.00p

Avon Rubber Key Personnel

Chair David Evans
CEO Paul McDonald
CFO Nick Keveth

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