Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Harland & Wolff Group Holdings Plc
  6. News
  7. Summary
    INFA   GB00BLPJ1272

HARLAND & WOLFF GROUP HOLDINGS PLC

(INFA)
  Report
Delayed London Stock Exchange  -  11:35:13 2023-01-27 am EST
20.10 GBX   +11.82%
01/25TRADING UPDATES: 88 Energy anticipates well spud; Tern sees progress
AN
01/18Harland & Wolff says UK MoD and Navantia sign manufacturing contract
AN
01/18Harland & Wolff : Naval shipbuilding to return to Harland & Wolff Belfast
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Harland & Wolff : Statement from Defence Secretary Ben Wallace

11/16/2022 | 10:39am EST

Today I am providing an update on our plans for the next stage of the Fleet Solid Support ship programme.

I am pleased to announce that Team Resolute has been selected as the preferred bidder to provide three solid support ships for the Royal Navy. This appointment follows on from the award to BAE Systems in Glasgow of the £4 billion contract for five Type 26 frigates earlier this week. Both are good news for UK shipyards and the skill base.

Team Resolute, comprising Harland & Wolff, BMT and Navantia UK will, subject to final approvals from Ministers and HM Treasury, be awarded a contract worth £1.6 billion (before inflation) to manufacture the crucial vessels providing munitions, stores and provisions to the Royal Navy's aircraft carriers, destroyers and frigates deployed at sea. The contract will deliver more than 1,000 UK shipyard jobs, generate hundreds of graduate and apprentice opportunities across the UK and a significant number of further jobs throughout the supply-chain. Team Resolute has pledged to invest £77 million in shipyard infrastructure to support the UK shipbuilding sector.

Blocks and modules for the ships will be constructed at Harland & Wolff's facilities in Belfast and Appledore, and this work will also support a significant UK-based supply chain. Some build work will also take place at Navantia's shipyard in Cadiz in Spain, in a collaboration allowing for key skills and technology transfer to the UK from a world-leading shipbuilder.

The entire final assembly will be completed at Harland & Wolff's shipyard in Belfast, to Bath-based BMT's British design.

The awarding of the contract will see jobs created and work delivered in Appledore, Devon, Harland & Wolff Belfast and within the supply chain up and down the country. This announcement is good news for the UK shipbuilding industry. It will strengthen and secure the UK shipbuilding enterprise as set out in the National Shipbuilding Strategy.

Disclaimer

Harland & Wolff Group Holdings plc published this content on 16 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2022 15:38:03 UTC.


ę Publicnow 2022
All news about HARLAND & WOLFF GROUP HOLDINGS PLC
01/25TRADING UPDATES: 88 Energy anticipates well spud; Tern sees progress
AN
01/18Harland & Wolff says UK MoD and Navantia sign manufacturing contract
AN
01/18Harland & Wolff : Naval shipbuilding to return to Harland & Wolff Belfast
PU
01/18Harland & Wolff Group Holdings Plc Announces Execution of the Fleet Solid Support Progr..
CI
01/17Harland & Wolff : Lights go off on harland & wolff shipyard cranes (east belfast) in colla..
PU
2022EARNINGS SUMMARY: Provexis and Unicorn Mineral post chunkier losses
AN
2022AIM WINNERS & LOSERS: Pantheon Resources, Harland & Wolff shares fa..
AN
2022FTSE 100 opens lower but outperforms peers in 2022
AN
2022FTSE 100 called lower on shortened trading day
AN
2022TRADING UPDATES: Savannah Energy ends deal; Plaza signs addendum
AN
More news
Financials
Sales 2022 70,0 M 86,5 M 86,5 M
Net income 2022 -21,9 M -27,1 M -27,1 M
Net Debt 2022 40,8 M 50,4 M 50,4 M
P/E ratio 2022 -1,34x
Yield 2022 -
Capitalization 31,1 M 38,5 M 38,5 M
EV / Sales 2022 1,03x
EV / Sales 2023
Nbr of Employees 410
Free-Float 72,8%
Chart HARLAND & WOLFF GROUP HOLDINGS PLC
Duration : Period :
Harland & Wolff Group Holdings Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HARLAND & WOLFF GROUP HOLDINGS PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 0,18
Average target price
Spread / Average Target -
Managers and Directors
John Macinnes Wood Chief Executive Officer & Executive Director
Arun Suri Raman Chief Financial Officer & Executive Director
Maurice James Malcolm Groat Chairman
Jonathon Band Non-Executive Director
Ekaterina Zotova Non-Executive Director