Results yesterday, worth a look?
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Pennant International Group PLC
Year to Dec. 31, 2003
()=Loss/Debit
Figs in GBP and pence (p), unless otherwise stated.
2003 2002

Sales 11,720,504 9,030,396
Pretax profit 711,498 (1,483,329)
Net profit 665,158 (1,483,329)
Basic EPS 2.08p (5.34p)
Diluted EPS 1.93p (5.14p)
Dividend 0.4p -

Edited Press Release
LONDON (Dow Jones)--Pennant Group reported Monday, for the year to 31 December 2003, a pretax profit of GBP0.7 million (2002: loss GBP1.5 million) and turnover of GBP11.7 million (2002: GBP9.0 million).
The continuing strong order bank, good cash position and strengthened balance sheet, combined with prospects for new business in all areas, gives the board confidence for continued progress in the current year.
The company's sales performance during 2003 has been in line with expectations and, in looking ahead, prospects remain good. As always, this is subject to contracts being awarded on time and running to schedule.
The strong order bank is being maintained and the positioning within potential markets is encouraging, with many new business opportunities in prospect. This situation extends to Group businesses in the U.K., USA, Canada and Australia.
In other areas the high level of interest shown in overseas markets for existing Pennant Training Systems products, such as GenFly and Hawk aircraft training systems, continues and there is potential for orders in the year ahead.
The change made to the organisation and management of Pennant Information Services Inc in the USA, with the appointment of a U.S. citizen as President and CEO, is also showing encouraging signs with new opportunities for OmegaPS software sales being identified.
(MORE) Dow Jones Newswires
March 22, 2004 03:49 ET (08:49 GMT)

Lockheed Martin (UK) Limited exercises options on training contract for aircrew and engineering staff first announced in H1 2016
Pennant International Group plc ("Pennant"), the AIM quoted supplier of integrated logistic support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, is pleased to confirm that its wholly owned subsidiary, Pennant Training Systems Limited, has been notified that Lockheed Martin (UK) Limited, the UK subsidiary of the Lockheed Martin Corporation ("LMC"), one of the world's leading aerospace and defence contractors, has exercised its option to increase the value of the contract announced on 16 June 2016, from its initial value of £0.2m to in excess of £2.2m. This extension is scheduled for delivery across 2017 and 2018 and is supportive of current expectations.

Commenting, Pennant CEO Phil Walker, said: "This anticipated extension to the existing LMC contract helps to underpin current market revenue forecasts and will also make a valuable contribution to 2018 revenues.

"It also represents very important additional business from one of the world's leading aerospace and defence contractors and is positive proof of the skills, expertise and international reputation Pennant continues to enjoy. We look forward to further developing the relationship and to delivering another world-class training solution".