26th May 2020 18:21
(Alliance News) - Natural gas storage firm Infrastrata PLC on Tuesday said it has teamed with Spanish shipbuilding company Navantia SA at the Harland & Wolff shipyard in Belfast.
The partnership will operate under the name Team Resolute, Infrastrata noted, and it will bid for the UK Fleet Solid Support Programme tender with the Ministry of Defence.
"Beyond FSS, Team Resolute will spearhead other opportunities within the UK defence sector, including modernizations and retrofits, providing much needed economic growth within the UK shipbuilding and through-life support sectors," Infrastrata said.
"We have always selected our partners carefully. In Navantia, we see a long-term partner not only within the defence sector, but also in the offshore wind farm sector for fixed and floating foundations, for which we are already in advanced teaming agreement discussions."
Infrastrata shares closed 3.6% higher at 0.43 pence each in London on Tuesday.
By Eric Cunha; [email protected]
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