The Group has announced that Chesterfield Special Cylinders (‘CSC’) has been awarded an £18.2m contract which we believe to be for the supply of air pressure vessels for the Royal Navy’s third and fourth boats in the Dreadnought-class nuclear submarine programme. Management had expected BAE Systems to place an order for the third boat at the start of this calendar quarter and today’s announcement underpins current market expectations with delivery anticipated over the next 3 years and reinforces ....
