Major US defence contracts boost engineering giant’s turnaround plan
SHEFFIELD Forgemasters has secured export defence contracts worth more than $30m (£23m) in a major boost for the company which has been under economic pressure after the collapse of the offshore oil and gas market and in the wake of a global economic downturn.
The engineering specialist has confirmed orders for a sequence of castings for the US OHIO submarine replacement programme, which it said builds on its many years' experience of supply into the British defence industry.
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