Gloucestershire training group clinches new contracts
By Bev Hawes | 21st August 2018
A Gloucestershire mechanical and electrical training group in the defence sector has announced two major contract wins.
Pennant International Group, based at Staverton Technology Park, near Cheltenham, has gained a new long-term contract from an undisclosed government client in the Asia-Pacific region.
The contract is for the supply of virtual training software to help air force maintenance engineers practice procedures, functionality and diagnostics in a virtual environment. Pennant will be supplying its Virtual Aircraft Training System (VATS).
The software will be supplied to the new customer later this year on a perpetual licence. Pennant will be providing ongoing support and maintenance for the software under a ten-year arrangement with the customer.
Pennant's Software Services division (home to the OmegaPS software product) has also received an order from an existing customer in the maritime sector to continue the provision of consultancy and technical documentation services until June 2021.
OmegaPS is a logistical support and analysis tool used to reduce the operating costs of major capital equipment in the defence, aerospace and transportation markets.
David Clements, Pennant International Group's commercial and risk director, said: ""We are very pleased to add these two contracts to the order book.
"The VATS contract was awarded following a very competitive tender process and we look forward to supporting this new customer's training needs over the coming years, whilst the OmegaPS contract extension is testament to this product's market-leading capabilities. Both contracts will contribute to the group's forward visibility of earnings over a number of years".
Pennant exports its range of technical training solutions around the world to train the next generation of engineers in defence and regulated civilian sectors.
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