50p this share used to be22 Dec 2017 22:23
Redhall Group PLC Tuesday said its Jordan Manufacturing business has secured a "key role" in support of Cavendish Nuclear, a subsidiary of Babcock International Group PLC, for the delivery of specialist handling and containment systems to process nuclear material for Sellafield Ltd.
Redhall shares were up 9.4% at 8.75 pence Tuesday.Cavendish Nuclear was awarded a 10-year contract with Sellafield, worth up to GBP95 million over the first three years, to provide Sellafield with design, manufacture, and supply of complex bespoke equipment for the treatment and management of nuclear materials.
Jordan Manufacturing has secured, through a teaming agreement with Cavendish Nuclear, a role in the delivery of this contract and will manufacture containment systems and associated process equipment. It is anticipated that this will be worth up to GBP18 million over the first three years.
Redhall CEO Phil Brierley said: "We are delighted to have secured a key role supporting Cavendish Nuclear in the delivery of this strategically important programme. This opportunity clearly reflects the capabilities Jordan Manufacturing has developed over many years in the supply of highly complex containment systems and gives the business good visibility over its order book for a number of years to come."