CONTRACT AWARD

RNS Number : 2361A

Chemring Group PLC

28 January 2011

 



FOR IMMEDIATE RELEASE                                                                                       28 JANUARY 2011

MECAR AWARDED $145 MILLION CONTRACT

Chemring Group PLC ("Chemring") is pleased to announce that its Belgian subsidiary, Mecar S.A. ("Mecar"), has been awarded a $145 million multi-year contract for the supply of medium and large calibre ammunition to a Middle East customer. Deliveries under the contract will commence in 2012.

Dr David Price, Chief Executive of Chemring, commented: "I am delighted by the continued success of Mecar. This contract will provide a firm foundation for the business over the next few years."

Chemring is an international leader in energetic material products and defensive countermeasures. Mecar, which was acquired by Chemring in September 2010, is a niche manufacturer of medium and large calibre ammunition, particularly for modern, light armoured vehicles.

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

 

END

 

 

CNTDKODNKBKBPDB