Petards Group PLC – Guildford, England-based security, communication and surveillance systems developer – Announces that its subsidiary Petards Joyce-Loebl received order worth £700,000. The orders are from a global train builder and include the provision of equipment, engineering services and a three-year software-as-a-service contract to provide Petards eyeBoS on a further train fleet. Petards expects the equipment to be fully delivered during the second half of 2026, with revenue for the engineering services and eyeBoS to be made in that period. Further, it anticipates engineering services to be completed during 2027. The eyeBoS software allows viewing of live footage on train and review important diagnostic information, Petards says on its website.
Petards Chair Raschid Abdullah says: “We are pleased to have been awarded this business from one of our long standing customers, adding to the group’s order book for both the current and future years, and supporting the improvement in trading currently being experienced by Petards’ Rail.”
Current stock price: 10.50 pence each, up 5.0% on Monday afternoon in London
12-month change: up 24%
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