Pennant International has announced another contract win in its Training Systems segment, securing an initial £1.0m order for a virtual training simulator built for a UK air defence manufacturer.
The initial phase covers design, development and testing, subject to a bank guarantee being finalised shortly, with delivery slated for H2 2026. The most interesting bit is what could follow the initial phase. Pennant expects further series production orders from 2027 to support end-user training in operational battlefield environments, opening up a meaningful follow-on revenue stream.
The win also adds further weight to a strengthening order book. Pennant has now secured over £11m of new orders within Training Systems since its September 2025 interims. This is a healthy pipeline, considering the group reported £9.7m revenue in 2025.
Phil Walker, CEO, said: “This latest Training Systems contract is the culmination of 12 months of partnership with our new customer, representing a UK company collaboration to combine world leading air defence systems with market leading synthetic training systems, continuing to fulfil Pennant’s core objective of ensuring that mission critical assets are available where and when they are needed.”
“It is also pleasing to introduce a new product to the market that is truly scalable. We expect to be working with this customer for years to come as they continue to expand their business.”