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VT Group makes strong progress.

TIP UPDATE: Strong earnings are expected this year, while a number of new contracts have laid the foundations for long-term growth at VT Group . Stephen Gunnion

VT Group

's order book has shot up to GBP4.7bn, following signature of the Future Strategic Tanker Aircraft (FSTA) contract late last month, to provide the RAF with new refuelling and transport aircraft and related services. VT Group is expected to benefit from business in excess of GBP1bn over the 27-year life-span of the programme through its 22.33 per cent shareholding in the operating company, AirTanker Services Limited, and direct sub-contracts with VT Group companies.

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