By Maryam Cockar

Shares in Strat Aero PLC (AERO.LN) rose Friday after the company said that its subsidiary Geocurve Ltd. will supply aerial survey and inspection services to insurer Aviva PLC (AV.LN).

Strat Aero said this is a "positive development for the company" and will provide more information on its effect on group revenue when it becomes clearer.

In February, Strat Aero said Geocurve won a 3D and virtual reality survey contract that from the U.K. Environment Agency that will provide revenue of GBP1.1 million over three years.

At 1413 GMT, shares in Strat Aero were up 0.02 pence, or 56%, at 0.07 pence.

Write to Maryam Cockar at maryam.cockar@dowjones.com

(END) Dow Jones Newswires

April 06, 2018 11:00 ET (15:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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