(MENAFN- ProactiveInvestors)PipeHawk (LON:PIP) shares soared over 32% making it the second biggest London riser as it won a £500000 plus vehicle assembly contract. The deal for the electronic systems expert is with a subsidiary of Dana Holding Corporation. The firm will deliver a turnkey system for the assembly of vehicle axles at Dana UK Axle's Birmingham facility. This will involve a number of integrated elements including a press and a robotic weld system and is due for delivery by the end of the second quarter 2016. PipeHawk chairman Gordon Watt said: "We have developed a good relationship with Dana and I am confident that Dana will become one of our larger clients. "This is the first of the expected orders referred to in our recent shareholder presentation."
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