Weir Group Regulatory News (WEIR)

24 May 2006 07:01

Weir Group PLC24 May 2006 THE WEIR GROUP PLC 24 May 2006 Weir Defence, Nuclear & Gas Division wins contracts totalling over £75 million The Weir Group PLC is pleased to announce that its Defence Nuclear & GasDivision has been awarded contracts totalling over £75 million. Bristol based Weir Strachan and Henshaw has been awarded a £37 million contractfrom Navantia to design and supply the Weapon Launch System for the SpanishNavy's new submarine fleet. The System will enable these new boats to carry andlaunch state-of-the-art torpedoes and underwater weapons. The first of foursubmarines is planned to enter service in 2012. The contract recognises Weir Strachan & Henshaw's capability to developworld-class systems for major submarine projects. In Edinburgh, Weir LGE Process has been awarded contracts to the value of £40million by Hyundai Heavy Industries for the design and supply of gas handlingequipment on eleven new LPG carriers. The carriers will be constructed atHyundai's Korean shipyards for Norwegian ship owner, Solvang, German owner GOICand Petrodec of Monaco. The contracts also include the supervision ofinstallation, commissioning and start-up of the cargo handling plants. The shipsare due for delivery between 2007 and 2009. Mark Selway, chief executive of The Weir Group PLC said: "We are delighted withthese new orders. While minimal impact can be expected in 2006 and 2007, thesecontracts provide a further catalyst for growth in our Defence, Nuclear & GasDivision in 2008 and beyond." Contact Details Suzanne Bartch/Michelle Jeffery Maitland +44 (0) 207 379 5151 Helen Walker Group PR Manager The Weir Group PLC +44 (0) 141 637 7111 Helen.walker@weir.co.uk This information is provided by RNS The company news service from the London Stock Exchange