FOR IMMEDIATE RELEASE 1 NOVEMBER 2004
CHEMRING GROUP PLC
COUNTERMEASURES BUSINESS SECURES MAJOR US GOVERNMENT
INFRA-RED DECOY FLARE ORDER
Chemring Group PLC ('Chemring') is pleased to announce that its US subsidiary,
Kilgore Flares Company LLC ('Kilgore'), based in Toone, Tennessee, has secured
an $18.4 million order for US Air Force M206 and MJU7A/B countermeasures from
the US Department of Defense (the 'DoD'). Deliveries of in excess of 700,000
flares will be made during the first year of the contract. The contract also
provides the DoD with options to place further orders over a four year period
from 2005 to 2008, which, if taken up, could bring the total value of the
contract to over $104 million.
David Evans, Chief Executive of Chemring, commented: 'Kilgore is already
distinguished as being the largest manufacturer and supplier of magnesium-based
decoy flares in the US, and this order further enhances Chemring's position as
the leading supplier of infra-red expendable decoys to the DoD. The order book
for our US countermeasures division now stands at over $124 million.'
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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