CONTRACT AWARD

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

 

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