Pennant International (AIM:PEN) Group PLC shares jumped 22% to 39.5p after the training technology company said it has been named as a key supplier to Boeing’s UK defence business.
It said it will supply services related to a long-term services contract awarded for the UK's new Apache helicopter fleet.
Pennant will deliver new and upgraded simulations called part task trainers which are compatible with the new chopper fleet.
Pennant and Boeing are currently working on a final contract, with an award “expected imminently”.