Defence Holdings stock rises on potential UK government contract
Defence Holdings PLC on Friday saw its shares jump after noting a potential contract award from the UK Ministry of Defence.
The London-based defence technology group confirmed the publication of a UK government transparency notice, which covers a proposed contract award involving Defence Holdings.
The contract in question ‘relates to the testing of an integrated capability designed to fuse open-source and classified intelligence into a single analytical platform, generate courses of action and support rapid, human-controlled deployment of authorised effects across cyber, information and supply-chain domains’, the company said.
According to the government notice, the contract is worth about £226,000 over three months. The award remains subject to approval and procurement processes.
Defence Holdings stock shares rose 18% to 1.24 pence on Friday afternoon in London, and have more than doubled over the past year.
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