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RC Fornax plc ( (GB:RCFX) ) has issued an update.
RC Fornax PLC has announced a contract extension worth approximately £470,000 with a tier-1 defence client, marking the next phase of an ongoing engagement. This extension, which involves the provision of specialist engineering services over six months, highlights the company’s growing influence and customer engagement in the defence sector, bolstered by recent operational improvements and the Strategic Defence Review. The extension signifies continued confidence in RC Fornax’s capabilities and reflects the company’s commercial momentum and expansion of support for existing clients.
More about RC Fornax plc
RC Fornax PLC is an AIM-quoted company that provides outcome-based engineering solutions to the UK defence industry. Founded in 2021 by RAF veterans Paul Reeves and Daniel Clark, the company focuses on improving project efficiencies and delivering value for money in the sector.
Average Trading Volume: 259,275
Technical Sentiment Signal: Strong Sell
Current Market Cap: £6.74M
Learn more about RCFX stock on TipRanks’ Stock Analysis page.