CHEMRING GROUP PLC - AGM Statement
24 3월 2005 - 11:43PM
PR Newswire (US)
CHEMRING GROUP PLC - AGM Statement FOR IMMEDIATE RELEASE 24 MARCH
2005 CHEMRING GROUP PLC AGM STATEMENT BY THE CHAIRMAN Ken Scobie,
Chairman of Chemring Group PLC ("Chemring" or "the Company"), made
the following statement at the Company's Annual General Meeting
today: "I am delighted to report that trading remains buoyant for
the Group's countermeasures business, particularly with the
Department of Defense in the United States. Alloy Surfaces' second
plant and technology centre is now operational, and the official
opening will be held on 11 April. Chemring sees continuing growth
in decoy sales for several years. The Company does not believe that
new technologies, such as lasers which are more expensive and
technologically challenging, will have any measurable impact on its
decoy sales for at least ten years. In many operational scenarios,
decoys and lasers complement each other, and currently combinations
of decoys are effectively protecting military aircraft from various
MANPAD threats. The Company continues to explore a number of
acquisition opportunities in areas which are geographically and
operationally complementary to its existing businesses." For
further information: Ken Scobie Chairman, Chemring Group PLC 01489
881880 David Evans Chief Executive, Chemring Group PLC 01489 881880
Jonathan Rooper Cardew Group 0207 930 0777 END DATASOURCE: CHEMRING
GROUP PLC
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