19 December 2017 – new contract
The group has announced that its subsidiary Jordan Manufacturing will play a key role in the work being done by Babcock International at Sellafield due to an agreement with Cavendish Nuclear the Babcock subsidiary that has won the contract with Sellafield. It is estimated that the work will be worth up to £18m over three years and is a clear vindication of the capabilities of Jordan. This is excellent news for the group as it continues its recovery and we maintain our recommendation of BUY.