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(Alliance News) - Harland & Wolff Group Holdings PLC on Monday said that it has acquired six new smaller contracts within the defence, cruise and ferry and commercial fabrication markets.
Harland & Wolff is a London-based company focused on strategic infrastructure projects and physical asset lifecycle management.
The firm said the contracts, which have been entered into with various prime contractors and operators, are expected to be completed during the next 12 to 18 months. Together, they have a value in excess of GBP10 million.
Pursuant to these contracts, Harland & Wolff will undertake routine repairs as well as new fabrication works, to be carried out across its yards in Belfast, Appledore and Arnish.
The company said it was bound by confidentiality agreements, and therefore can't disclose the names of its clients or any specific financial details of the deals. However, it did confirm that works on four of these contracts will start this month in Belfast, and will involve fabricating a drydock gate for a client that operates a defence facility, repairs on a jack up barge that is used for installation of offshore structures, as well as regular repair works on five vessels comprising a product tanker and four ferries.
Harland & Wolff has also been contracted to undertake additional fabrication works for an ongoing mining project in Arnish, and to fabricate a frame at its Appledore facility for a prime contractor as part of the ongoing defence programme.
"Since the commencement of 2023, we are seeing an uptick in the level of enquiries flowing through all the yards for multiple projects. Whilst securing the longer-term FSS Programme as part of team Resolute was a major milestone for the company, the company must continue to rely on securing and executing smaller projects across its yards, adding to the experience and skills of the workforce. I am delighted that we have significant traction across all our markets and are moving forward to consolidate our position as a partner of choice in each market," said Chief Executive Officer John Wood.
Harland & Wolff shares were trading 2.6% higher at 15.00 pence each in London on Monday morning.
By Holly Beveridge; Alliance News reporter
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