arrow_back_ios Back View more articles

Losses down at Avon Protection

Losses at Avon Protection, which makes body armour and respiratory equipment for the military and emergency services, have narrowed according to a financial report issued today (Tuesday).

The Melksham-based firm seems to be benefitting from Russia’s invasion of Ukraine, and a subsequent increase in defence equipment spending as a result.

The firm said losses had gone down to $2.1 million from $29 million a year ago.

Revenue increased by 8.6 per cent to $263.5m in the year to the beginning of October, carried by significant growth in the UK market.

UK revenue soared by 85 per cent, offsetting a decline in revenue from the US Department of Defence.

Executive chairman Bruce Thompson said: “There is a significant long-term growth opportunity for Avon.

“The demand for our world-leading respiratory and head protection systems is as strong as ever, and we remain focused on protecting those who protect us with our innovative solutions.”

Military hardware manufacturer Avon Protection appoints Jos Sclater as CEO

Read more

18.10.2022

CEO steps down from Avon Protection

Read more

03.10.2022

Avon Protection lands $42.1 US Army helmet deal

Read more

29.09.2022

Avon Protection lands $15 million US military order for mask filters

Read more

07.09.2022