Matrix Composites & Engineering Wins $44m SURF buoyancy contract in Brazil
- Matrix Composites & Engineering (MCE) lands a $44 million standalone purchase order from Saipem to supply a Subsea Umbilicals, Risers and Flowlines (SURF) product
- The order includes the production and delivery of SURF distributed buoyancy modules for a floating production storage and offloading (FPSO) system within a project in Brazil
- Matrix CEO Aaron Begley says the “significant” contract award signifies a new phase of growth for the company
- With the new contract, Matrix has secured $77 million worth of contracts through the end of the 2024 financial year
- Shares in Matrix closed 19.57 per cent higher at 27.5 cents on Wednesday afternoon
