COMPLETION OF ACQUISITION

RNS Number : 6645J

Chemring Group PLC

04 July 2011

 



FOR IMMEDIATE RELEASE                                                                                               4 JULY 2011

CHEMRING GROUP PLC

COMPLETION OF ACQUISITION OF DETECTION SYSTEMS BUSINESS

Chemring Group PLC ("Chemring") announces that it has successfully completed its acquisition of the Detection Systems operations and certain related assets of General Dynamics Armament and Technical Products, a subsidiary of General Dynamics Corporation. The acquisition was announced on 20 April 2011.

The business, which will now operate as Chemring Detection Systems, Inc., is based in Charlotte, North Carolina. It is a US leader in chemical and biological threat detection and has an advanced capability in stand-off detection of improvised explosive devices ("IEDs"). It is the incumbent supplier for two major US military vehicle-mounted detection programmes: the Joint Biological Point Detection System ("JBPDS") and the Joint Service Lightweight Stand-off Chemical Agent Detector ("JSLSCAD"). In addition, its products include a stand-off IED and explosives detector and the Juno hand-held chemical detector.

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                                                0207 930 0777 

 

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