17 January 2023 - new contract
The AIM-listed global supplier of industrial chains and power transmission products has won a contract worth £8.7m to supply flexible couplings to the Royal Australian Navy over the next seven years. These will be installed on the Navy's Hunter class frigates which are to be built by BAE Systems Australia in South Australia. This contract further extends the group's collaboration with BAE Systems for the supply of flexible couplings for naval vessels. This contract is clearly good news for the company and we continue to re-iterate our recommendation of
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