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CONTRACT AWARD

4th Jun 2010 09:46

RNS Number : 0802N
Chemring Group PLC
04 June 2010
 



FOR IMMEDIATE RELEASE 4 JUNE 2010

 

 

NIITEK AWARDED $106.5 MILLION CONTRACT

 

 

Chemring Group PLC ("Chemring") is pleased to announce that its US subsidiary, Non-Intrusive Inspection Technology, Inc. ("NIITEK"), has been awarded a $106.5 million contract from the US Army, for the supply and support of seventy six Husky Mine Detection Systems for high reliability clearance of buried mines in support of US peacekeeping operations around the world. Deliveries under the contract will be made over the period to May 2011.

 

Dr David Price, Chief Executive of Chemring, commented: "I am delighted with the success of NIITEK, and its Husky Mine Detection System that continues to make an important contribution to the safety of US Army troops in the theatre of operations. The final contract for the seventy six systems, spares and support is expected to be worth in excess of $210 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 Penetrating 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:

 

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
 
 
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