CHEMRING GROUP PLC - Countermeasures Division Wins $41 Million of New Orders
07 4월 2005 - 4:00PM
PR Newswire (US)
CHEMRING GROUP PLC - Countermeasures Division Wins $41 Million of
New Orders FOR IMMEDIATE RELEASE 7 APRIL 2005 CHEMRING GROUP PLC
COUNTERMEASURES DIVISION WINS $41 MILLION OF NEW ORDERS Chemring
Group PLC ("Chemring") is pleased to announce that its US
countermeasures businesses, Alloy Surfaces Company, Inc. ("Alloy
Surfaces"), based in Philadelphia, and Kilgore Flares Company LLC
("Kilgore"), based in Tennessee, have recently secured $41 million
of new orders. Kilgore has secured $22 million of contract options,
the maximum available in the second year of its four year contract
with the US Department of Defence (the "DoD") for US Air Force M206
and MJU7A/B countermeasures. Deliveries will be made during the
latter half of this calendar year and into 2006. The contract was
worth $18.4 million in the first year, which means that $40.4
million of orders have now been placed with Kilgore under this
contract, which could be worth up to $104 million in total if the
DoD takes up further options during the third and fourth years of
the contract. Alloy Surfaces has received $13 million of orders
from the US Navy for its special material infra-red decoys, for
delivery over this calendar year and the first half of 2006. The UK
Ministry of Defence has also exercised a $6m contract option on
Alloy Surfaces for the supply of decoys to protect Tornado and
Harrier aircraft. Delivery of these decoys will be made over the
second half of the calendar year. Dr David Price, newly-appointed
Chief Executive of Chemring, commented: "The order book for our US
countermeasures division now stands at a record $136 million, and
the receipt of these new orders will underpin the performance of
this division during 2005 and provide a strong start to 2006."
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: Dr David Price
Chief Executive, Chemring Group PLC 01489 881880 Jonathan Rooper
Cardew Group 0207 930 0777 END DATASOURCE: CHEMRING GROUP PLC
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