Avingtrans plc (LSE:AVG) has announced that its US subsidiary, Hayward Tyler Inc., has secured two major contracts valued at more than $16 million with Korea Hydro & Nuclear Power. The agreements cover the supply of safety-related pumps and critical spare parts, underscoring Avingtrans’ growing presence in South Korea and reinforcing its role in the international nuclear sector. These contracts are expected to strengthen the group’s financial performance in FY26 and FY27, supported by increasing global demand for nuclear safety technologies amid a favorable political and industry backdrop.
The company’s outlook benefits from strong technical momentum and recent strategic wins, pointing to sustained growth opportunities. While Avingtrans continues to face financial pressures, particularly around cash flow and profitability, its positioning in high-value, safety-critical markets provides a constructive long-term perspective. Valuation challenges remain, with elevated P/E ratios signaling caution for investors.
About Avingtrans
Avingtrans plc is an engineering group that designs, manufactures, and supplies specialized equipment, systems, and aftermarket services to the energy, medical, and industrial sectors. Its portfolio includes Hayward Tyler, a leader in performance-critical pumps and motors; Energy Steel, which provides custom fabrications for the nuclear industry; and other business units delivering safety-critical technologies, precision gear metering pumps, and advanced MRI systems.
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