Execution of the Fleet Solid Support Programme (FSS) Manufacture Contract
Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, is pleased to announce that, further to its announcement on 16 November 2022 regarding the award of preferred bidder status, the formal contract signature of the Manufacture Contract for the £1.6 billion Fleet Solid Support Programme (FSS) has now taken place between Navantia UK Limited (Navantia) and the Ministry of Defence (MOD).
The formal ceremony for the Manufacture Contract has taken place at Harland & Wolff’s Belfast facility today with Secretary of State the Rt Hon Ben Wallace MP, senior industry leaders and representatives of each party of Team Resolute in attendance. This contract now clears the way for the execution of the sub-contract between Navantia and the Company, which is expected to occur in the next couple of weeks. On the execution of the sub-contract, the Company will make an announcement setting out in further detail, inter-alia, the scope of works to be undertaken by the Company commencing immediately upon signing of the sub-contract and leading up to full scale production on FSS.
John Wood, Group Chief Executive Officer, Harland & Wolff comments: “The execution of the Manufacture Contract is the second major step towards kick-starting the FSS Programme, with the Preferred Bidder announcement in November as the first step. I look forward to finalising our negotiations on the sub-contract with Navantia and proceeding to formal signing.”
For further information, please visit www.harland-wolff.com or contact:
Harland & Wolff Group Holdings plc
John Wood, Chief Executive Officer
Seena Shah, Head of Marketing & Communications
+44 (0)20 3900 2122
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