Renold plc announced that Renold Couplings, part of the Company's Torque Transmission division, has been awarded a contract worth £8.7 million. The award, to be delivered over the next seven years, is for the supply of flexible couplings for the Royal Australian Navy's Hunter class frigates. The flexible couplings, which are an important component of a ship's propulsion system, are part of Renold's Hi-Tec range of couplings, which are supplied worldwide for large marine and industrial projects.

The Hunter class frigates will be built by BAE Systems Australia in the Osborne Shipyard, South Australia. The contract award represents a significant extension of the Group's collaboration with BAE Systems for the supply of flexible couplings for naval vessels. Production of the couplings is expected to commence in early 2023, and will be machined on a new machining centre which was installed in Renold's Cardiff facility in 2022, specifically for naval programmes.

The first manufacturing programme is scheduled to complete in 2030.