Paul McDonald, Chief Executive Officer
“It has been a transformational six months for Avon Rubber, securing $340m of key long-term contracts and growing our order book across both businesses.
The U.S. Department of Defense contract awards for the M53A1 and M69 mask systems have transformed our medium-term outlook and confirmed our leading position in respiratory protection with the U.S. Military. These contracts confirm Avon Protection as the sole source provider of General Purpose Masks, Tactical Masks, Powered Air Systems and Tactical Self Contained Breathing Apparatus across the entire U.S. DOD. This active diversification of our product portfolio and contract base also provides us with a greater range of opportunities, together with improved medium-term visibility and flexibility to manage order intake and fulfilment timing.
As a result of this strong contract momentum in Avon Protection and despite the financial performance in H1 being adversely impacted by the U.S. Government partial shutdown and challenging dairy market conditions, the Board remains confident in delivering full year expectations.
Building on the significantly enhanced contract base, the ongoing benefits of our strategy and the strength of our broad, innovation-led product portfolio, the Board remains excited about our longer-term growth prospects.”
For the full half year results statement, visit the Financial Reports section of our website.