We are delighted to announce we have been awarded a £55 million contract to regenerate an ex-Navy mine-hunting vessel, HMS QUORN.
John Wood, Group CEO of Harland & Wolff commented: “I am thrilled that we have been awarded the M55 Contract. This is a watershed moment.
This contract has provided the breakthrough that we needed to activate the fifth and final element of our business strategy – the key market of Defence. Our strategy has been well and truly validated and we intend to capitalise on this win through bidding on and securing further government contracts.
The extended process to win the M55 Contract enabled us to showcase the technical and commercial capabilities of the entire group and has now provided the MOD with a credible alternative to the existing industry base. This contract is validation that the Government can go elsewhere, recognising the investment and progress made over the last two years to put Harland & Wolff in a position to execute on such programmes. Our eyes are now set on delivering this contract and executing on our pipeline as we continue to build momentum, credibility and a high-performing, experienced workforce.
Finally, I wish to thank the MOD for the faith that they have placed in Harland & Wolff, and I look forward to working closely with them on the successful delivery of this contract.”
The full press release can be found here