Petards climbs on new deal

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Petards climbs on new deal

AIM-listed security software firm Petards (LON:PEG) saw its share price climb by 14.03% to 8.98p (as of 12:10 BST) after winning a contract to supply systems to Bombadier Transport for a train upgrade programme. Activity is expected to begin next year and conclude in early 2023.

Chairman Raschid Abdullah commented: “We are delighted that Petards’ eyeTrain systems continue to be the system of choice for fitment to Bombardier’s trains. This new order adds to our already significant installed base and strengthens our position as the leader of on train video and data solutions. Additionally it further bolsters the Group’s present order book to £12.3 million of which £6.9 million is scheduled for delivery in 2021“.

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