Hunting PLC (LSE:HTG) has won almost $68 million of orders for a new offshore development in Guyana.
The FTSE 250-listed group issued an announcement after winning a $63.5 million contract for its titanium stress joint (TSJ) product line, where revenue will start to be recognised from the second half of this year and through to May 2028.
It said another $4.4 million of orders have been secured since December by its Texas-based Stafford facility and its UK-based Flexible Engineered Solutions business unit.
It expects further incremental orders throughout the rest of 2026.
Hunting said the TSJ order demonstrates success in its strategic ambition to deliver a range of solutions for floating production, storage and offloading vessels used in offshore developments to capture a larger portion of projected spending on major subsea projects.
Chief executive Jim Johnson 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."
He said the TSJ order contributes to guided subsea product group revenue and EBITDA through to 2028, as published at a subsea investor event held in January.