RC Fornax PLC, an engineering consultancy for the UK defence sector, secured a £4 million government contract to deliver a transformation project via the Public Sector Resourcing framework. This contract boosts the company's revenue visibility to about £8.4 million for the current year. Despite a forecasted operating loss widening to £1.6 million, the company has cut costs by £500,000 annually and is considering a standby debt facility to support growth. RC Fornax is reorganizing into three divisions: engineering services, specialist recruitment, and an AI procurement platform called SME Procure, which may seek external investment if needed. The finance director has stepped down, replaced by an interim CFO on a part-time basis.
RC Fornax's recent government contract and business reshaping are presented here with Basic Materials sector market data from Pluang as of Sep 18, 2026 14:11 WIB. Of 31 priced US Basic Materials stocks, 22 rose and 9 fell. Notable movers include NUE at USD 259.44 with a 2.15% decline and 79% sell order activity, AU at USD 104.50 up 2.07% with 53% buy orders, and HMY at USD 20.38 up 2.00% with 66% buy orders. The most notable figure is NUE's 79% sell order activity on Pluang.
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