MS International Shares Jump 10% on $61.3M US Navy Defense Contract

Key Facts

1MS International shares rose over 10% to 1,565p following the announcement of a new defense contract.

2The company's US subsidiary won a three-year, $61.3 million contract from the US Naval Sea Systems Command (NAVSEA).

3This agreement marks the first multi-year contract secured by MSI-Defence Systems US with the US Navy.

MS International shares rose over 10% to 1,565p following the announcement of a new defense contract. Proactive Investors reported that the company's US subsidiary won a three-year, $61.3 million contract from the US Naval Sea Systems Command (NAVSEA).

This agreement marks the first multi-year contract secured by MSI-Defence Systems US with the US Navy, validating its position in the US defense market. The deal covers the supply of stabilized gun mounts and electro-optical sights, with the first-year value confirmed while subsequent years remain subject to annual quantity agreements.