1028: John Wood of Harland & Wolff: £1.6 billion contract is a truly defining moment for the company

The Vox Markets Podcast

John Wood, CEO of Harland and Wolff #HARL discusses being selected as part of Team Resolute by The Ministry of Defence (MOD) as Preferred Bidder to build support ships for the Royal Navy with a £1.6 billion contract.
Highlights

The Ministry of Defence (MOD) has selected Team Resolute, comprising Harland & Wolff, Navantia UK and BMT, as Preferred Bidder to build support ships for the Royal Navy with a £1.6 billion contract (before inflation).
Team Resolute has been appointed to deliver three crucial support ships to the Royal Fleet Auxiliary (RFA), where such vessels will provide munitions, stores and provisions to the Royal Navy's aircraft carriers, destroyers and frigates deployed at sea. With not less than 60% UK content that includes British supply chain procurement and fabrication, this contract will create 1,200 UK shipyard jobs, 800 indirect jobs and generate hundreds of graduate and apprentice opportunities in shipbuilding and is in keeping with other programmes of its type in relation to domestic work retention.
To read the full RNS click here