MELKSHAM, England—Avon Rubber P.L.C. has won a "sole-source contract" worth up to $93 million to develop and supply the United States Army with head protection systems.
Under the deal, details of which were disclosed Sept. 24, Avon will supply next-generation integrated ballistic head protection systems to the U.S. Army.
The new contract, Avon said, will replace the current low-rate initial production contract, which expires next year.
"This contract award demonstrates our ongoing focus on technological excellence and commitment to developing the next generation of life critical personal protection systems," CEO Paul McDonald said in a statement.
The deal also strengthens Avon's medium-term outlook, which aims to reinforce the company's position as a supplier of protection systems, he said. The company's plans to acquire U.S.-based helmet maker Team Wendy is another part of the strategy.
Based in Cleveland, Team Wendy is a family business and a supplier of helmets, helmet liner and retention systems for military and first responder markets.
After combining Team Wendy with its existing helmets and armor business, Avon expects to create a global leader in military and first responder helmets with "a broader product portfolio and stronger capabilities and routes to market."