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RC Fornax plc ( (GB:RCFX) ) has provided an update.
RC Fornax has secured a new UK public sector space client through a competitive tender process, marking its first major success in this arena. The initial contract, valued at approximately £370,000, positions RC Fornax as the lead contractor and integrator, heading a consortium of UK and European SMEs and academic partners. This achievement reinforces its role as an SME integrator and strengthens its positioning for future public sector frameworks. The company retains full ownership of all developed intellectual property, offering long-term strategic value and potential for future revenue generation. This success enhances RC Fornax’s reputation across the UK defence and space sectors, reflecting its growing credibility and technical capability.
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 driving value for money in the sector.
Average Trading Volume: 344,933
Technical Sentiment Signal: Strong Sell
Current Market Cap: £3.38M
Learn more about RCFX stock on TipRanks’ Stock Analysis page.