Renold plc (LON:RNO), a leading international supplier of industrial chains and related power transmission products, has announced that Renold Couplings, part of the Company’s Torque Transmission division, has been awarded a contract to manufacture flexible couplings for Batch 1 of the Canadian Surface Combatant ships for the Royal Canadian Navy, worth £10.6 million. This contract, together with other military work recently awarded, means that Renold’s military order book has increased by £13.1 million, over recent months.
The contract, to be delivered over the next six years is for flexible couplings, which are an important component of a ship’s propulsion system and form part of Renold’s Hi-Tec range of couplings, which are supplied worldwide for large marine and industrial projects.
