Avingtrans PLC Hayward Tyler Secures UK Submarine Pump Contract

TIDMAVG

Avingtrans PLC

05 September 2018

5 September 2018

Avingtrans Plc

("Avingtrans" or the "Company" or the "Group")

Hayward Tyler Secures UK Submarine Pump Contract

Avingtrans (AIM: AVG), which designs, manufactures and supplies critical components, modules and associated services to the energy and medical sectors is pleased to announce that it recently secured orders worth just under GBP3m, for the supply of high integrity pumps for the Astute class submarine programme.

The pumps, and through life support, will be provided by the team based in the Hayward Tyler (HT) facility in Luton, UK. Hayward Tyler has a proud history of supporting the UK nuclear submarine fleet having supplied equipment since the Valiant class boats of the 1960s. The ongoing provision of support involves both the supply of original equipment and the aftermarket support for the lifetime of the boat.

Hayward Tyler, owned by Avingtrans plc, supports the submarine programme from both its UK facilities in Luton and East Kilbride. Hayward Tyler's sister companies, Peter Brotherhood, Stainless Metalcraft and Ormandy Rycroft also support the UK Royal Navy, including the recent manufacture and testing of steam turbines for Astute. This synergy of skills and capability across the Group positions the business well to continue to strengthen this long term strategic partnership.

Mike Turmelle, Managing Director of Avingtrans Plc's Hayward Tyler division, said: "We are delighted to secure this contract for continued support to the UK nuclear submarine fleet. It's a great win for our Luton team and a clear indication of our commitment to continue supporting the programme for many more decades to come."

Steve McQuillan, CEO of Avingtrans Plc, said: "This is a great win for Mike and the team and clearly shows how we have maintained continuity through the Hayward Tyler integration and are building solidly for the future. This win highlights the engineering excellence within the group that we continue to develop and that underpins our forward strategy."

Enquiries:

 
 Avingtrans plc 
  Steve McQuillan, CEO 
  Stephen King, CFO        0135 469 2391 
 N+1 Singer 
  Shaun Dobson 
  Lauren Kettle            020 7496 3000 
 Newgate Communications 
  (Financial PR) 
  Adam Lloyd 
  James Browne             020 7653 9850 
 

About Avingtrans

Avingtrans is engaged in the provision of highly engineered components, systems and services to the energy, medical and traffic management industries worldwide.

Energy and Medical

 
Stainless Metalcraft Ltd - Chatteris, UK and Chengdu, 
 China 
Provider of safety-critical equipment for the energy, 
 medical, science and research communities, worldwide, 
 specialising in precision pressure and vacuum vessels 
 and associated fabrications, sub-assemblies and systems. 
 
 Maloney Metalcraft Ltd - Aldridge, UK 
Designs, manufactures and services oil and gas extraction 
 and processing equipment, including process plant for 
 dehydration, sweetening, drying and compression. 
 
 Hayward Tyler - Luton & East Kilbride, UK and USA, China 
 and India 
 Specialises in the design, manufacture and servicing of 
 performance-critical motors and pumps in challenging environments 
 
 Peter Brotherhood - Peterborough, UK 
 Specialises in the design, manufacture and servicing of 
 performance-critical steam turbines, turbo gen-sets, compressors, 
 gear boxes and combined heat and power systems 
Composite Products Ltd - Buckingham, UK 
 Centre for composite technology, parts and assemblies, 
 serving customers in industrial markets. 
 
 Scientific Magnetics - Abingdon, UK 
 Designs and manufactures superconducting magnet systems 
 and associated cryogenic systems for a variety of markets 
 
 Crown International Ltd - Portishead, UK 
 Designs and manufactures market-leading pole and support 
 systems for roadside signage and safety cameras, rail 
 track signalling and gantries. 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

NRAFKQDKFBKDCCK

(END) Dow Jones Newswires

September 05, 2018 02:01 ET (06:01 GMT)