RC Fornax wins place on Thales engineering framework in boost to key client relationship

RC Fornax PLC was selected by Thales UK to join its niche supplier framework for sonar and naval architecture work, following a competitive bidding process. The agreement is awarded for three years with an option to extend for a further two years, supporting longer-dated revenue visibility. This is a modest positive development for the company, though the article provides no financial magnitude.

Analysis

RC Fornax PLC was selected by Thales UK to join its niche supplier framework for sonar and naval architecture work, following a competitive bidding process. The agreement is awarded for three years with an option to extend for a further two years, supporting longer-dated revenue visibility. This is a modest positive development for the company, though the article provides no financial magnitude.