Contract Awards

RNS Number : 1774U

Chemring Group PLC

19 June 2009

 



FOR IMMEDIATE RELEASE                                                                                               19 JUNE 2009

CHEMRING GROUP PLC

 ALLOY SURFACES AWARDED 

$82.8 MILLION SPECIAL MATERIAL DECOY ORDERS   

Chemring Group PLC ('Chemring') is pleased to announce that its US subsidiary, Alloy Surfaces Company, Inc. ('Alloy Surfaces'), based in Philadelphia, has been awarded a $74.2 million contract from the United States Air Force for MJU-50/B special material decoys ('SMDs'), and an $8.6 million contract from the United States Navy for MJU-49/B SMDs. Deliveries under the two contracts will commence in the third quarter of 2009.  

The United States Air Force uses the MJU-50/B decoys to protect various types of transport and fighter aircraft against infrared missiles. The US Navy will use the MJU-49/B decoys to protect all types of fighter, transport, patrol, and helicopter aircraft. Alloy Surfaces' proprietary range of SMDs provides dramatically increased protection levels against current and the latest generation of infrared missiles, commonly known as 'MANPADS'.

Dr David Price, Chief Executive of Chemring, commented: 'We are delighted to have received these two contracts for our advanced pyrophoric decoys. Alloy Surfaces now has a very strong order book, some 45% higher than a year ago. This underpins its revenue for the next few years.' 

Chemring is an international leader in defensive countermeasures and energetic materials. The countermeasures division comprises Alloy Surfaces Company, Inc. and Kilgore Flares Company LLC in the US, Chemring Countermeasures Limited in the UK and Chemring Australia Pty Limited in Australia.

For further information:

David Price	Chief Executive, Chemring Group PLC	01489 881880
Paul Rayner	Finance Director, Chemring Group PLC	01489 881880
Rupert Pittman	Cardew Group	0207 930 0777

 

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