Pressure Technologies Secures Pivotal US Defence Contract
• Pressure Technologies has secured a contract with a U.S. defense contractor for an undisclosed amount.
• The contract includes supplier qualification and the delivery of pressure vessels, with deliveries scheduled for the first quarter of 2026.
• This is the first contract placed by General Dynamics Electric Boat (GDEB) with Chesterfield Special Cylinders (CSC), providing a foundation for future growth and development in the US naval defense market.
• The contract, valued at £2.8 million, is set to underpin overseas defense order book development for CSC in FY25 and FY26, further bolstering the company’s global defense order book.
• Following the announcement of the contract, shares of Pressure Technologies rose by 3.45%, to 38.50 pence.
• The agreement marks CSC’s entry into the U.S naval defence market and is expected to support the company’s growth.
• Shares in Pressure Technologies PLC rose 6% after its subsidiary, Chesterfield Special Cylinders, secured a significant contract with US defence contractor General Dynamics Electric Boat.
