FOR IMMEDIATE RELEASE 20 OCTOBER 2005
CHEMRING GROUP PLC
US COUNTERMEASURES DIVISION SECURES $7 MILLION CONTRACT
FOR US DEPARTMENT OF DEFENSE URGENT OPERATIONAL REQUIREMENTS
Chemring Group PLC ('Chemring') is pleased to announce that its US
countermeasures business, Alloy Surfaces Company, Inc. ('Alloy Surfaces') based
in Philadelphia, has recently secured a further $7 million order from the US
Department of Defense for the supply of its unique, special material decoys.
The decoys will be utilised on helicopters and transport aircraft engaged in
operations in Iraq and Afghanistan. Deliveries under the contract will commence
this calendar year.
Dr David Price, Chief Executive of Chemring, commented: 'Chemring has made
significant investment in its US decoy operations. We are very proud of our
achievements at Alloy Surfaces, and this contract award reflects the growing
service requirement for its special material decoys. It will result in a
substantial increase in Alloy Surfaces' production rates throughout 2006.'
Chemring is an international leader in defensive countermeasures, energetic
materials, and marine safety products. The countermeasures division comprises
Chemring Countermeasures in the UK, and Alloy Surfaces Company, Inc. and
Kilgore Flares Company LLC in the US.
For further information:
Dr David Price Chief Executive, Chemring Group PLC 01489 881880
Jonathan Rooper Cardew Group 0207 930 0777
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.