new-recommended-broker-banner new-recommended-broker-banner

Image Scan Holdings PLC Stock Price Surges After Royal Air Force Contract Win

Updated: 21 Jan 2021

Image Scan Holdings (LON: IGE) share price rallied 19.22% on Wednesday after the company announced it was awarded a contract by the Royal Air Force.

The specialists in X-ray imaging for the security and industrial inspection market reported they will supply three portable X-ray scanning systems to the Royal Air Force, its first contract with the RAF.

The company will be supplying various systems such as ThreatScan®-LSC, and a combination package including a large format ThreatScan®-LS1 panel. Also provided is a compact ThreatScan®-LS3 panel with a back-pack, a tablet PC imaging station, and the I-Gen generator.


The combination system is stated to provide great deployment flexibility, especially for different threat scenarios.

“I am delighted by this contract award. It provides a key reference with the UK Government that should both help us to achieve further UK sales and support our international marketing campaigns” stated Bill Mawer, Chairman, and Chief Executive Officer.

Mawer further emphasised, “the ThreatScan®-LSC ‘Combi' system is our highest value portable X-ray package, and we look forward to further sales of this configuration.”

The firm's share price currently sits at 3.04p per share after this morning's press release.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .