LONDON: TP Group, , the provider of mission-critical solutions for a more secure world, confirmed that its subsidiary Sapienza Consulting has received a series of work orders under its framework contract with the European Space Agency (ESA), the extension of which was announced on 24 March 2020.
The work orders, worth approximately €18 million, cover tasks until the end of 2022 on a range ESA programmes at the European Space Technology Centre (ESTEC) at Nordwijk in the Netherlands. Further work orders remain in discussion under the extended framework contract.
The initial contract with European Space Agency (ESA) was signed 1 July 2017 and at the end of March 2020, had generated approximately €31 million of revenue.
Phil Cartmell, Chief Executive Officer of TP Group, commented: “We are very pleased to see these work orders continuing to come through during this difficult period. They demonstrate the resilience of our European institutional customers and our ability to support them on their long-term programmes.”