Pennant International Group plc (AIM:PEN), the systems support software and training solutions company, provides the following update further to the announcement by the UK Ministry of Defence (“MOD”), on 23 October 2024, of an intention to contract with Pennant for a comprehensive technology upgrade to the RAF’s GenFly training systems.
As the MOD’s chosen supplier, Pennant has now received an ‘Invitation to Negotiate’ from the MOD which commences the formal negotiation process intended to lead to contract award.
