Pennant International (GB:PEN) has released an update.
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Pennant International Group, a leading provider of system support software and training solutions, is set to secure a £4.9 million contract with the UK Ministry of Defence for upgrading RAF’s GenFly training systems. Additionally, the company has made strides in North America with its first software subscription sale to a US defence contractor and a £400,000 technical services order from a Canadian firm. These developments highlight Pennant’s strategic focus on expanding its footprint in the defense sector and boosting recurring revenue.
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