TP Group PLC – Space systems contract extensions

TP Group (AIM: TPG), the specialist services and engineering group, is pleased to announce that it has been awarded two contract extensions worth a combined value of c. £1.4 million to its existing work within the space engineering sector for the Ministry of Defence (MoD).

TP Group consultants are helping the MoD with requirements development and technical assurance, including product assurance, security assurance, ITT development, bid evaluation and industrial engagement. In the second workstream, our consultants will also help to acquire future systems with technical assurance, bid evaluation and negotiation with suppliers.

Both work packages will last approximately six months with options to extend for a further three months, worth £0.3 million combined.

Phil Cartmell, Chief Executive Officer of TP Group commented:

“This is another step forward in our growing space systems activity. We are delighted to be working with MoD on some of its most strategically important projects.

“We have built a team of approximately 20 technical experts with highly specialised skills in the space engineering sector over the past two years. These awards confirm our role supporting UK Government in the provision of this expertise and builds on our past work through three different previous contracts in this area.”