MELKSHAM-based Avon Rubber is in final negotiations with the US Government on a £50m deal.
The five-year contract would see the firm supply the new M50 US military respirator in a deal worth more than US$100m.
But delays to the deal have meant that company will incur a loss on trading for the first half of the year.
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Once the contract is received, the comapny says it will increase turnover and see a return to profitability in the second half of the year.
Chairman Sir Richard Needham said: "The Board
is confident that the company is very close to receiving the multi-year order for the joint service general
purpose mask from the US Government.
"It is not unusual for there to be teething problems with new and advanced programmes of this nature and we have experienced further unexpected delays.
"To win the world's largest contract for the world's most
advanced respirator represents an enormous achievement for the company."
Posted by: Public Spirit, Wiltshire on 11:11am Thu 24 Apr 08
[quote][bold]Josey[/bold] wrote:
Its so nice to see a sucess story. Lets see some more of them rather than the petty doom and gloom[/quote] Amen to that, Josey. Well posted.
Josey wrote:
Its so nice to see a sucess story. Lets see some more of them rather than the petty doom and gloom
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