Pressure Technologies Secures U.S. Defense Contract: A Boon for Global Defense Order Book

Pressure Technologies plc (AIM: PRES), a leading provider of pressure containment and control products, has announced that its wholly-owned subsidiary, Chesterfield Special Cylinders (CSC), has been awarded a strategically significant contract to supply safety-critical pressure vessels to General Dynamics Electric Boat (GDEB), a U.S. defense prime contractor. This 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.



The contract award covers supplier qualification and the delivery of pressure vessels to GDEB in the first quarter of 2026. This marks the first contract placed by GDEB with CSC, providing a solid foundation for future growth and development in the U.S. naval defense market. The contract is a significant milestone for Pressure Technologies, as it opens up opportunities for CSC to expand its supply of specialized pressure vessels to U.S. submarine new construction programs, which are planned to run through to 2043.



Chris Walters, Chief Executive of Pressure Technologies, commented on the contract, stating, "I am delighted to confirm the first contract award for Chesterfield Special Cylinders to deliver safety-critical pressure vessels to US prime defence contractor, General Dynamics Electric Boat, the company responsible for the design, construction and lifecycle support of submarines for the US Navy. We are excited by this opportunity to further demonstrate the global capabilities of Chesterfield Special Cylinders in the defence sector and as a basis to expand the supply of specialised pressure vessels to US submarine new construction programmes over the longer term."

The contract with GDEB aligns perfectly with Pressure Technologies' strategic focus on defense engagements, showcasing the company's commitment to supporting significant maritime defense projects on a global scale. This contract, along with other recent defense contract wins, such as the £2.8 million contract for the Royal Canadian Navy's River class destroyer program and the contracts with BAE Systems Australia and Cheesecake Energy, highlights the company's robust defense order book and its potential for continued growth in the defense sector.

In conclusion, the U.S. defense contract awarded to Pressure Technologies' Chesterfield Special Cylinders division is a significant development for the company, underpinning its global defense order book in both the short and long term. The contract provides a solid foundation for future growth and development in the U.S. naval defense market, further enhancing the company's reputation as a key player in the evolving landscape of naval warfare. As the global defense sector continues to grow, contracts like this one highlight the increasing importance of technological advancement and specialized manufacturing capabilities, positioning Pressure Technologies to make significant contributions to this field.