Image Scan Holdings (LSE:IGE) shares gained 16.6% on Friday, reaching 2.04p, after the company said it had signed a contract with a European government defence organisation to supply 25 ThreatScan portable X‑ray systems.
Revenue recognition will depend on delivery schedules and customer acceptance milestones, with a majority anticipated to be recognised in the current financial period.
The systems are designated for Explosive Ordnance Disposal operations, and the award was secured against strong international competition, underscoring the product's operational capability and reliability in military applications.
"This award reflects the proven performance of our ThreatScan systems in demanding operational environments and reinforces Image Scan's position as a trusted supplier to government and military customers," Vince Deery, CEO, said.
