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LONDON - Goodwin PLC reported a 24% increase in workload to £357 million as of August 31, 2025, compared to April figures, according to a company press release issued Wednesday.
The engineering group’s Refractory Engineering Division is experiencing "strong growth" with current trading profitability "significantly ahead" of the prior year, driven by market share gains in its investment casting powder business.
In the Mechanical Engineering Division, the company’s submersible pump operations, which serve the mining industry, are on track to deliver a 30% year-on-year increase in activity by the half-year mark.
Goodwin International has received an order for 20 additional nuclear storage racks under its existing framework agreement with Sellafield, bringing the contracted total to 100 units. These specialized racks, measuring approximately 5.5 meters high, are designed to house spent nuclear fuel.
The company also announced a strategic collaboration agreement with Northrop Grumman International Trading Inc., part of Northrop’s Mission Systems sector. The partnership includes an initial $16 million order across four defense programs, with potential for orders to develop to over $200 million as U.S. submarine programs receive funding releases.
As part of this collaboration, Goodwin Steel Castings, supported by Goodwin International, will serve as the exclusive supplier for a critical program component that would represent approximately 25-30% of the memorandum of understanding value. The company stated this work will utilize Goodwin’s patented technology, making it eligible for UK patent box relief.
Goodwin’s Easat Radar Systems subsidiary secured a £5 million contract in September to supply surveillance systems to Turkmenistan, which the company claims will "materially enhance" profitability in the current and future financial years.
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