Strat Aero PLC (LON:AERO) said its wholly owned subsidiary, Geocurve Limited, has been chosen as a leading supplier for Aerial Survey and Inspection by insurance giant Aviva PLC (LON:AV.).
The AIM-listed aerial reconnaissance specialist said while the development was a positive one for the company, it would update the market on any revenue implications for the company as they became clearer in due course.
READ: Strat Aero making rapid progress on cost-cutting
The news follows a previous contract win in February, where Geocurve secured a £1.1mln contract to provide a 3D and virtual reality (VR) survey service for the Environment Agency's Thames Estuary Asset Management 2100 programme.
Strat Aero shares were up 33.3% to 0.06p in late-afternoon trading Friday.