Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

CONTRACT AWARD

14th Dec 2009 07:00

RNS Number : 0322E
Chemring Group PLC
14 December 2009
 



FOR IMMEDIATE RELEASE  14 DECEMBER 2009

CHEMRING GROUP PLC

NIITEK AWARDED FIRST EXPORT ORDER

Chemring Group PLC ("Chemring") is pleased to announce that its US subsidiary, Non-Intrusive Inspection Technology, Inc. ("NIITEK"), based in Sterling and Charlottesville Virginia, has been awarded a FMS (foreign military sales) contract for the supply of its Husky Mounted Detection System Ground Penetrating Radar ("HMDS GPR") kits to the Canadian Armed Forces. The HMDS GPR is used by combat engineers on route clearance patrols to locate and detect buried mines and explosives. This is the first contract awarded to NIITEK to support coalition forces, and has a maximum potential value of $34 million.

Dr David Price, Chief Executive of Chemring, commented "This contract represents the first export order for NIITEK's HMDS GPR system. HMDS is the only operational ground penetrating radar system currently in operational use, protecting US and coalition forces."

Chemring is an international leader in energetic materials and defensive countermeasures

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

020 7930 0777

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

Related Shares:

Chemring
FTSE 100 Latest
Value8,809.74
Change53.53