9th Jul 2009 14:06
RNS Number : 4195V
Chemring Group PLC
09 July 2009
FOR IMMEDIATE RELEASE 9 JULY 2009
CHEMRING GROUP PLC
NIITEK AWARDED $38.2 MILLION CONTRACT
Chemring Group PLC (“Chemring”) is pleased to announce that its US subsidiary, Non- Intrusive Inspection Technology, Inc. (“NIITEK”), has been awarded a $38.2 million contract from the US Army for the supply and support of fifty Husky Mine Detection Systems for high reliability route clearance of buried mines in support of US peacekeeping operations around the world. Deliveries under the contract will be made over the period to June 2010.
Dr David Price, Chief Executive of Chemring, commented: "I am delighted with the success of our recent acquisition, NIITEK, and its Husky Mine Detection System that is starting to make an important contribution to the safety of US Army troops operating in Afghanistan. The final contract for the fifty systems, spares and support is expected to be worth in excess of $75 million."
Chemring is an international leader in energetic material products and defensive countermeasures. NIITEK, which was acquired by Chemring in December 2008, is the leading US producer of vehicle-mounted Ground Penentrating Radar (“GPR”) systems. NIITEK’s GPR systems are at the leading edge of mine detection technology and are currently being used by US forces to protect their soldiers on the ground.
For further information:
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David Price
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Chief Executive, Chemring Group PLC
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01489 881880
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Paul Rayner
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Finance Director, Chemring Group PLC
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01489 881880
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Rupert Pittman
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Cardew Group
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0207 930 0777
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This information is provided by RNS
The company news service from the London Stock Exchange
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