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Fri, 07 Aug 2026

Fri, 07 Aug 2026 Goodwin considers selling part of defence business

The firm is a key supplier of components to UK and US frigate and submarine programmes.

* Goodwin, a British engineering company that supplies components to major defence and nuclear programmes, is considering selling off parts of its business.
* The company's mechanical engineering division, which includes Goodwin Steel Castings and Goodwin International, is a key supplier to UK and US frigate and submarine programmes.
* Goodwin has confirmed it has commenced a strategic review to consider options for maximising value for shareholders while ensuring continuity for customers and the long-term prosperity of its businesses.
* Discussions are ongoing, but there is no certainty that a sale will take place.
* The company's shares were up by around 10% on Friday morning following reports of interest from potential buyers with records in defence.
* Goodwin's defence arm has benefited from increased defence spending across various programmes, including the Royal Navy's Type 26 frigate and the Dreadnought programme.