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COMPLETION OF ACQUISITION

4th Jul 2011 07:00

RNS Number : 6645J
Chemring Group PLC
04 July 2011
 



FOR IMMEDIATE RELEASE 4 JULY 2011

 

CHEMRING GROUP PLC

 

COMPLETION OF ACQUISITION OF DETECTION SYSTEMS BUSINESS

 

Chemring Group PLC ("Chemring") announces that it has successfully completed its acquisition of the Detection Systems operations and certain related assets of General Dynamics Armament and Technical Products, a subsidiary of General Dynamics Corporation. The acquisition was announced on 20 April 2011.

The business, which will now operate as Chemring Detection Systems, Inc., is based in Charlotte, North Carolina. It is a US leader in chemical and biological threat detection and has an advanced capability in stand-off detection of improvised explosive devices ("IEDs"). It is the incumbent supplier for two major US military vehicle-mounted detection programmes: the Joint Biological Point Detection System ("JBPDS") and the Joint Service Lightweight Stand-off Chemical Agent Detector ("JSLSCAD"). In addition, its products include a stand-off IED and explosives detector and the Juno hand-held chemical detector.

 

 

 

 

For further information:

Dr David Price Chief Executive, Chemring Group PLC 01489 881880

Paul Rayner Finance Director, Chemring Group PLC 01489 881880

Rupert Pittman Cardew Group 0207 930 0777 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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