Feb 20 (Reuters) - Matrix Composites & Engineering Ltd MCE.AX
* Company advised that it had received notification from a shipyard customer of a request for cancellation
* Announces that it has now reached a favourable agreement with shipyard customer
* Request for cancellation in respect of two contracted orders for riser buoyancy systems
* Two contracted orders for Riser Buoyancy Systems, each valued at us$10.89 million Source text for Eikon: ID:nASX1FBnhs Further company coverage: MCE.AX