The contracts put Hydro Group on course to meet its turnover target of £8.5 million for 2014.

At the end of 2013, the group reported a significant increase in market activity in all of the subsea business sectors it operates in and a record financial year as a result. It reported a 12% rise in comparable turnover from £6.3 million to £7.1 million.

Hydro Group managing director Doug Whyte said 2012-13 was its most successful financial year to date.

"Our target turnover for 2014 is £8.5 million with future projected growth predicted to reach £10 million over the next two years," he said.

In 2010 the company invested more than £4.2 million in a state-of-the-art research, design, engineering and manufacturing facility at Aberdeen Science and Energy Park.

Staff numbers have grown 40% since then.

A further £500,000 is to be invested this year in cable manufacturing machinery and test equipment to allow Hydro to fully support increasing demands from customers in energy, defence and offshore renewables markets.