Defence

Group revenue from the defence market was £5.1m in 2020. This market is served solely by our Cylinders Division.

Market overview

CSC has long-term contracts to supply bespoke products and services for key submarine build programmes and for surface ships such as the Type 26 Frigate. Its status as the leading global supplier of high-pressure gas storage solutions to NATO member states and NATO-friendly nations is stronger than ever, underpinned by the growing importance of Chesterfield Integrity Management (CSC IM). CSC IM is the principal provider of inspection and testing services to the MoD for ongoing cylinder performance and safety management on the Astute, Vanguard and Trafalgar classes of nuclear submarines. CSC IM’s strategic focus is to support hydrogen growth by adding value to the product offering through risk assurance. Additionally, the intention is to apply the operating model that has been successful with the Royal Navy to foreign navies who are already supplied products by CSC through existing strategic partners.

Market potential

Current defence spending is driven by the need to replace obsolete warship classes, both in terms of surface and submarine fleets, alongside US pressure for NATO allies to increase defence spending. In the UK, the government has recently pledged an additional £16.5 billion in military spending over the next four years, representing the largest increase in real terms since the end of the Cold War.

Defence financial statistics

2020 Group revenue
£5.1m

(2019: £9.1m)

2020 Growth
-43.6%