29 January 2021 | 08:56am
StockMarketWire.com - Military equipment maker Avon Rubber said it remained confident of meeting its expectations for the financial year as good order intake across its portfolio of life critical personal protection systems had continued. We have seen positive order momentum in the military, first responder and Team Wendy businesses, and have made progress with the updated body armor designs for the U.S. Defense Logistics Agency Enhanced Small Arms Protective Inserts and U.S. Army Vital Torso Protection contracts, th the company said. The board therefore remains confident of achieving its expectations for the current financial year, it added.
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UK shares: why the Avon Rubber share price has crashed 14% today!
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The Avon Rubber (LSE: AVON) share price has been a ray of sunshine for UK share investors in what has been an otherwise dismal 2020. The business which builds masks and body armour for militaries and security services across the world is up 55% since last New Year’s Eve.
A series of strong trading updates, contract wins, and the sale of its dairy operations all helped Avon soar.
US$12.3 TRILLION out of thin air…
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17 December 2020 | 07:16am
StockMarketWire.com - Military equipment maker Avon Rubber warned on performance following a delay to first deliveries under its ballistics contracts with the US Army. A delay in first deliveries under U.S. Defense Logistics Agency Enhanced Small Arms Protective Inserts and U.S. Army Vital Torso Protection body armor contracts would reduce overall expectations for FY21, the company said.
Orders under the company s contracts for the U.S. Defense Logistics Agency Enhanced Small Arms Protective Inserts and U.S. Army Vital Torso Protection body armor would be delayed from H1 2021 to H2 as a result of a failure encountered in first article testing.