Pressure Technologies (GB:PRES) has released an update.
Pressure Technologies’ subsidiary, Chesterfield Special Cylinders, has secured a £2.8 million contract with Irving Shipbuilding to supply air pressure vessels for the Royal Canadian Navy’s River class destroyer programme. This deal supports the company’s global defence order book for FY25 and highlights its expertise in engineering safety-critical components for naval projects. The vessels will be crucial in Canada’s largest shipbuilding initiative, aimed at modernizing its naval fleet.
For further insights into GB:PRES stock, check out TipRanks’ Stock Analysis page.
