GE GE Aerospace

LONDON--Advanced surface coating technology provider Hardide PLC (HDD.LN) said Monday that General Electric Company Inc. has agreed a one year extension to February 2017 of its existing two year supply agreement.

This will provide an additional $0.7 million of guaranteed sales to the company over the term of the contract, Hardide said.

The agreement, originally signed for a two year term effective from March 2014, will now guarantee total sales of $2.0 million over its three year term to February 2017 and remains extendable up to five years.

Hardide shares at 0845 GMT up 5.5%, at 1.45 pence, valuing the company at GBP19.4 million.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

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