VT Shipbuilding awarded Colfax a $1.3 million contract to supply a portfolio of marine pumps, establishing Colfax as the company's preferred marine pump provider. VT Shipbuilding is a leading designer and manufacturer of British Royal Navy elite naval vessels.

"We're very proud and excited to become a long-term supplier to VT Shipbuilding, one of the world's foremost makers of naval vessels," John Young, Colfax president and chief executive officer, said in a statement.

"It's a great compliment to Colfax's high-performance marine pumping technologies and deep application expertise to work with VT Shipbuilding in keeping their naval vessels at their best."