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  5. Ricardo Unit Wins GBP35 Million Dual Clutch System Deal For Supercar

Pin to quick picksRicardo Share News (RCDO)

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Share Price Information for Ricardo (RCDO)

London Stock Exchange
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Share Price: 489.00
Bid: 485.00
Ask: 493.00
Change: 1.00 (0.20%)
Spread: 8.00 (1.649%)
Open: 493.00
High: 493.00
Low: 488.00
Prev. Close: 488.00
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Ricardo Unit Wins GBP35 Million Dual Clutch System Deal For Supercar

Wed, 13th Jul 2016 13:14

LONDON (Alliance News) - Engineering consultant Ricardo PLC on Wednesday said its Performance Products unit has won a contract to supply an advanced dual clutch transmission system for an unnamed new luxury supercar.

Ricardo said the contract is worth GBP35.0 million and the supercar will enter production later in 2016.

"We are grateful to our customer for awarding this significant production order for the supply of this advanced DCT," said Mark Barge, managing director of Ricardo Performance Products.

Ricardo shares were up 1.9% to 744.00 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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