Harland & Wolff , the maritime engineering specialist, announced today that it has recently secured six new contracts within the defence, cruise & ferry, and commercial fabrication markets, valued at over £10 million. These projects involve routine repairs and new fabrication works to be carried out across the company's facilities in Belfast, Appledore, and Arnish, and expected to be completed over the next 12-18 months.
While the company is bound by confidentiality in disclosing certain contractual details, it can reveal that works on four of these projects are set to commence this month in Belfast. These include the fabrication of a drydock gate for a defense facility operator, repairs on a jack-up barge for offshore structure installation, and regular maintenance works on five vessels, including a product tanker and four ferries.
In Arnish, the company has been contracted to undertake additional fabrication works for an ongoing mining project, while at its Appledore facility, the company will be fabricating a frame for a prime contractor as part of its exciting ongoing defense program.
John Wood, Group Chief Executive Officer, Harland & Wolff commented: "Since the commencement of 2023, we are seeing an uptick in the level of enquiries flowing through all the yards for multiple projects. Whilst securing the longer-term FSS Programme as part of team Resolute was a major milestone for the Company, the Company must continue to rely on securing and executing smaller projects across its yards, adding to the experience and skills of the workforce. I am delighted that we have significant traction across all our markets and are moving forward to consolidate our position as a partner of choice in each market."
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Harland & Wolff continues to make strides in 2023, announcing last week that they had recently completed a major milestone in the Cory Barges fabrication contract, following the signing of the two contracts in the summer of 2022. With regards to the recent announcement, the company is certainly well-equipped to take on four new contracts commencing in the Belfast facility, with a vast 30,000m2 of covered fabrication halls in this location.
The engineer has continued to receive attention from investors, following a transformational year in 2022 along with a regular cadence of exciting announcements in 2023. In January of this year, Harland & Wolff received a mention from highly regarded share pickers at Midas column from This is Money, noting ‘shares could deliver handsome rewards to the adventurous investor’.
With the news of six new contracts to commence across facilities in Belfast, Appledore, and Arnish, Harland & Wolff is one to keep an eye on as the year progresses. Follow Harland & Wolff to keep up to date with the latest company announcements .