Army contract is key
Penman hoping for Yorkshire rescue deal
A Scottish engineering company fighting for survival could be rescued by a Yorkshire coachbuilder.
Penman Engineering in Dumfries, which hopes to win a key contract with the British Army, called in administrators at Armstrong Watson in August and laid off most of its 140 staff.
The administrator is now said to be in talks with Hull-based Martin Williams Ltd which makes bodies for lorries and cranes.
Ir is among a handful of companies which have held talks over buying Penman’s assets and re-hiring skilled engineers who will be required if the company the contract to build 180 armoured vehicles for the Ministry of Defence.
Penman, founded in 1859, has been working on the bid with defence giant BAE.