Petards (LSE:PEG) has strengthened its order book after its subsidiary, Petards Joyce-Loebl (PJL), secured new contracts across its Rail and Defence divisions with a combined value of more than £0.9 million. The latest awards improve revenue visibility over the short and medium term and support activity across the current and next financial years.
Within the Rail division, PJL has been awarded a contract worth more than £0.5 million to provide its eyeTrain systems for installation on additional train sets within an existing fleet. Deliveries are scheduled to begin later in 2026, with the programme expected to be completed during 2027.
The Defence division has also won a £0.4 million contract from a UK prime contractor to supply proprietary safety equipment for military aerospace applications. Delivery of the order is expected to be completed before the end of 2026. The chairman said the new contracts strengthen the group’s order book for both the current and following financial years, reflecting improving momentum in the rail business while reinforcing Petards’ position in rail safety technology and defence electronics.
The company’s outlook is supported by improving financial stability, with stronger margins and positive free cash flow reported during 2025, alongside favourable technical indicators that show the shares trading above key moving averages. However, continued net losses and a mixed record of growth and returns continue to weigh on the overall investment case.
More about Petards Group PLC
Petards Group PLC is an AIM-listed developer of security, communications and surveillance technologies, operating primarily through its Petards Joyce-Loebl subsidiary in the North East of England. Its Rail division supplies safety and operational systems including automatic door monitoring, passenger camera solutions and AI-enabled PTeye technology, while the Defence division designs and manufactures rugged electronic control and communications equipment for the UK armed forces and major defence contractors.
The company’s Gateshead facility employs a specialist workforce of engineers, technicians and support staff, supporting advanced manufacturing in the region. With roots in the UK defence sector stretching back to the 1950s, Petards Defence has established expertise in military communications, engineering support, integrated logistics and electronic systems for complex defence programmes.
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