Muskegon / Augsburg, November 11, 2023 – Renk America (RAM) is pleased to announce a historic milestone. We proudly unveil our very first prime contract with the United States Navy. This 4-year contract will ensure support of the original equipment manufacturer for the Littoral Combat Ships Freedom and Independence variant combining gears, splitter gears, and main reduction gears.
This success is lasting proof of our commitment. Our partnership with the U.S. Navy is an important milestone in the expansion of our naval and marine business in the United States. This contract underscores RENK America's commitment to supporting our nation's defense and security efforts while promoting technological advances that will shape the future of naval operations.
"We owe this contract to our incredible team who use their expertise every day to ensure our servicemen and women have the tools they need to answer our nation's call. Their hard work has made this success possible! We thank the U.S. Navy for entrusting us with this important task," said Ted Trzesniowski, CEO Renk America.
Renk America looks forward to a productive and successful partnership that will enhance the strength and capabilities of the U.S. Navy's naval fleet.
About the Contract: Our collaboration with the U.S. Navy will involve four years and work will be performed globally to enhance the efficiency, performance, and reliability of both Littoral Combat Ship (LCS) variants.
About RENK Group
Headquartered in Augsburg, Germany, the RENK Group is a leading global player for high-end gear units, power packs, hybrid propulsion systems, suspension systems, plain bearings, couplings, and test systems. The company caters to a multiplicity of end markets, focusing especially on security and defense, energy and infrastructure.
Disclaimer
This release contains forward-looking statements. These statements are based on the current views, expectations, assumptions, and information of the management of RENK Holding GmbH (the “Company”). Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Various factors could cause actual future results, performance, or events to differ materially from those described in these statements, and neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this release or the underlying assumptions. The Company does not assume any obligations to update any forward-looking statements. Moreover, it should be noted that all forward-looking statements only speak as of the date of this release and that the Company assumes no obligation, except as required by law, to update any forward-looking statement or to conform any such statement to actual events or developments.
The Company expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this release, whether as a result of new information, future developments or otherwise.
Get in touch with us in case of any questions and requests.
