5th Sep 2018 10:51
LONDON (Alliance News) - Chemring Group PLC said Wednesday that its US-based unit, Chemring Sensors and Electronic Systems has been selected by the US Department of Defense as a supplier of next generation chemical detector, or NGCD1.
The company explained that the contract award is expected to be received in the coming months.
The contract is expected to "take the form of an indefinite delivery, indefinite quantity contract" and will be for engineering and manufacturing development of the programme, most commonly known as the Aerosol & Vapour Chemical Agent Detector.
"As the largest stream under the NGCD Program of Record, the Aerosol & Vapour Chemical Agent Detector award decision is a significant development for Chemring and is the culmination of a number of years of research and development activity," Chief Executive Officer Michael Ord said.
Chemring shares were trading up 3.7% at 212.50 pence each.
Related Shares:
Chemring