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Redhall Group PLC  -  RHL   

Contract Wins

Released 07:00 22-Jan-2013

RNS Number : 0445W
Redhall Group PLC
22 January 2013
 



 

Redhall Group plc

("Redhall" or the "Company")

 

Contract Wins

 

Redhall Group plc (AIM: RHL), the specialist engineering support services group, is pleased to announce the award of key strategic contracts across its Nuclear and Manufacturing operations and the resolution of a final account dispute.

 

Redhall Nuclear has been selected as a strategic partner by AWE to provide mechanical and electrical engineering services to AWE Limited. AWE plays a crucial role in the defence of the United Kingdom, by providing and maintaining the warheads for the country's nuclear deterrent. The framework agreement is expected to deliver contracts with an estimated value of up to £50 million over a potential four year period.

 

Redhall Manufacturing has received orders totalling £7.5 million across three contracts demonstrating the division's breadth of expertise in blast doors and other blast and fire resistant structures. The largest of the three contracts at £4.1 million is for Hyundai Heavy Industries on the new BP Clair Ridge project.

 

Further to its preliminary results announcement on 6th December 2012, Redhall is pleased to advise that it has reached a satisfactory agreement on the Fellside Boiler Park final account.

 

Richard Shuttleworth, CEO, commented:

"We are delighted to announce some significant contract wins across the Group, recognising our growing status within both the nuclear industry and the oil and gas supply chain in providing specialist products and services into technically demanding and high hazard environments. The settlement of the final account on the Fellside Boiler Park further demonstrates the positive progress being made to resolve the legacy issues within the business by the new management team."

 

Enquiries:



Redhall Group plc

Richard Shuttleworth, CEO

Tel: +44 (0)1924 385 386



Altium

Simon Lord/Paul Lines

Tel: +44 (0)845 505 4343






 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Contract Wins - RNS