FOR IMMEDIATE RELEASE 18 February 2004
CHEMRING GROUP PLC
AWARD OF CONTRACTS TO COUNTERMEASURES DIVISION
Chemring Group PLC ('Chemring') is pleased to announce that its US subsidiary,
Alloy Surfaces Company, Inc. ('Alloy Surfaces'), based in Chester Township,
Philadelphia, has been awarded a $25 million contract by the US Department of
Defense for the supply of special material infra-red decoys to protect Army
helicopters and Air Force transport aircraft. Deliveries under the contract
will be made over two years commencing in 2004. Alloy Surfaces has also
recently received a $5.3m order for decoys from the US Navy.
David Evans, Chief Executive of Chemring, commented: 'The $25 million contract
for the US Army and Air Force is the largest single contract ever placed with
Alloy Surfaces. The receipt of these two contracts, which increase Alloy
Surfaces' order book to over $50 million, emphasises the importance of Alloy
Surfaces' proprietary special material and infra-red decoys in protecting
military aircraft, and further enhances Chemring's position as the leading
supplier of infra-red expendable decoys to the US Department of Defense.'
Chemring is an international leader in defensive countermeasures, signalling
and training pyrotechnics and marine safety products. The countermeasures
division comprises Alloy Surfaces Company, Inc. and Kilgore Flares Company LLC
in the US, and Chemring Countermeasures in the UK.
For further information:
David Evans Chief Executive, Chemring Group PLC 01489 881880
Jonathan Rooper CardewChancery 0207 930 0777
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