Hunting Plc (HTG.L) Tuesday said that it has secured contracts totaling $63.5 million for its titanium stress joint or TSJ product line, thus supporting a new offshore development in Guyana.
The British precision engineering company said that the project will be carried out by the Group's Subsea Spring business unit, with delivery scheduled through May 2028. Revenue from the contract is expected to be recognized beginning in the second half of 2026.
Additionally, the company said that it has already secured $4.4 million in related orders since December 2025 through its Stafford and Flexible Engineered Solutions business units for the same development. Further incremental orders are likely to be received over the remainder of 2026, Hunting Plc said in an official statement.
Commenting on these orders, Jim Johnson, Chief Executive, said, "Our TSJ product line, which is a critical component for offshore developments, continues to be adopted on key offshore projects utilising FPSOs, given the maintenance benefits and reliability offered. This order also contributes to our guided subsea product group revenue and EBITDA through to 2028, as published at our subsea investor event held in January 2026."
On the LSE, HTG.L is currently trading up 1.5 percent on Tuesday at 498.50 pence.
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