LONDON--Shares in Atlantis Resources PLC (ARL.LN) rose Monday
after the renewable power company said it has signed a construction
contract with U.S. defense contractor Lockheed Martin Corp. (LMT),
for a 1.5 megawatt AR1500 turbine to be used at its tidal stream
energy project in Scotland, MeyGen.
The group said it is a "multi-million pound" deal, without
disclosing further financial details.
The 18-meter rotor diameter turbine, scheduled for delivery in
2016, will be one of the largest capacity single rotor turbines
ever built, the company said.
At 0743 GMT, Atlantis Resources shares rose 2.9% to 27
pence.
--Write to Simon Zekaria at simon.zekaria@wsj.com (Twitter: @SimonZekaria)
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