CONTRACT AWARD
29 4월 2008 - 11:23PM
UK Regulatory
FOR IMMEDIATE RELEASE 29 APRIL 2008
CHEMRING GROUP PLC
ALLOY SURFACES AWARDED M211 FLARE CONTRACT
Chemring Group PLC ("Chemring") is pleased to announce that its US subsidiary,
Alloy Surfaces Company, Inc. ("Alloy Surfaces"), based in Philadelphia, has
been awarded an IDIQ (indefinite delivery/indefinite quantity) contract for the
supply of M211 flares to the US Department of Defense. The M211 flare is a key
component in the Advanced Infrared Countermeasure Munition (AIRCMM) suite that
is used by the US Army and US Air Force to protect helicopters, and is the key
element of the M206 and M211 defensive flare solution that protects transport
aircraft from the threat of IR guided missiles. The contract extends over a
five year period, and has a minimum value of $5.4 million and a maximum value
of $347.9 million. A first delivery order at a value of $16.0 million, for
delivery in 2009, has already been placed on Alloy Surfaces.
Dr David Price, Chief Executive of Chemring, commented: "We are very pleased to
have been awarded this multi-year contract. Following the recent success of our
other US subsidiary, Kilgore Flares Company LLC, in securing a five year IDIQ
contract for the M212 flare, Chemring now has multi-year contracts for all
three flare components of the AIRCMM suite."
Chemring is an international leader in defensive countermeasures and energetic
materials. The countermeasures division comprises Alloy Surfaces Company, Inc.
and Kilgore Flares Company LLC in the US, and Chemring Countermeasures Limited
in the UK.
For further information:
Dr David Price Chief Executive, Chemring Group PLC 01489 881880
Paul Rayner Finance Director, Chemring Group PLC 01489 881880
Rupert Pitman Cardew Group 0207 930 0777
END
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