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Bioquell PLC (BQE.LN), a provider of bio-decontamination and filtration technologies to the healthcare, life sciences and defense sectors, said Friday it has been awarded a GBP1.2 million development contract linked to the new reconnaissance vehicle being developed by General Dynamics Corp. (GD) for the U.K. Ministry of Defence.
The firm said that once this initial development contract has been fulfilled, it expects that contracts relating to the manufacture and in-service phases will be awarded, with shipments expected to start in 2014 and expected to run for at least five years.
Shares closed Thursday at 107.5 pence.
-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; firstname.lastname@example.org