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Harland & Wolff Group is the Malvinas government’s preferred option to build four pontoons in the island’s port
The Belfast shipyard that built the Titanic more than a century ago is closing in on a major deal in the Falkland Islands.
Harland & Wolff Group is the Falklands government’s preferred option to build four pontoons in the island’s harbour.
The company could make up to £120m in sales over two years from the deal.
It will manufacture, transport and install 300-foot-long platforms as part of plans to improve the port.
Chief executive John Wood said: “Our company enjoys an excellent relationship and rich heritage with the Falkland Islands, as Harland & Wolff built the six connected barges that make up the existing port facility 45 years ago.”
Harland & Wolff Group will inform investors when a contract is signed. Late last year, she said she needed fresh funds after her half-year losses widened and her debt soared.
Share rose 23.2 per cent, or 2.3p, to 12.2p.