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The latest announcement is out from Pressure Technologies ( (GB:PRES) ).
Pressure Technologies plc’s subsidiary, Chesterfield Special Cylinders, has been awarded a significant contract to supply safety-critical pressure vessels to General Dynamics Electric Boat, a prime contractor for the US Navy. This contract marks CSC’s entry into the US naval defence market and is expected to support the company’s growth through ongoing submarine construction programs extending to 2043, bolstering its order book for FY25 and FY26.
More about Pressure Technologies
Pressure Technologies plc, headquartered in Sheffield, operates through its wholly owned subsidiary Chesterfield Special Cylinders (CSC). CSC is a leading designer, manufacturer, and supplier of safety-critical, high-pressure containment products and services for a global clientele in the defence, hydrogen energy, oil & gas, and industrial markets.
YTD Price Performance: -10.13%
Average Trading Volume: 22,802
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £13.73M
See more data about PRES stock on TipRanks’ Stock Analysis page.