TP Group: Collaboration agreement with Collins Aerospace

TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, is pleased to announce that it has entered into a two-year agreement (“the Agreement”) with Collins Aerospace Mission Systems (“Collins Aerospace”) to collaborate on joint power and atmosphere management opportunities for the global maritime market.

Collins Aerospace, part of Raytheon Technologies Corp., is a leader in technologically advanced and intelligent solutions for the global aerospace and defence industry. The range of maritime applications covered by the Agreement will include submarine and unmanned underwater vehicles (“UUVs”) with additional opportunities for specialist electronics in the wider U.S. Defence market. Collins Aerospace will lead the joint activity within the U.S. and TP Group will lead on activities for the rest of the world.

Phil Cartmell, Chief Executive Officer of TP Group, commented:

“This agreement is an important opportunity to consolidate our work with Collins Aerospace and bring together our joint capabilities to create a compelling offering for the global maritime market. We have been working together for many years in certain atmosphere management programmes and this offers an opportunity to work in new programmes and applications beyond this base and further broaden our reach as we pursue our international growth plans.”