James Fisher lifted by new contract

The price of shares in FTSE 250 marine engineer James Fisher and Sons (LON:FSJ) climbed by 1.83% to 1,164.98p (as of 13:55 BST) after the company was awarded a multi-year contract with the Royal Navy. The multi-million dollar deal covers maintaining the operational readiness of life-support diving equipment.

CEO Eoghan O’Lionaird commented: “This contract award is testament to JFD’s market-leading reputation and status as the Royal Navy’s underwater life support partner of choice. As pioneers of safety improvements in military diving, we’re delighted to secure this new five-year contract, continuing our long-standing partnership with the Royal Navy“.