CONTRACT AWARD (8219Y)
04 1월 2011 - 4:00PM
UK Regulatory
TIDMCHG
RNS Number : 8219Y
Chemring Group PLC
04 January 2011
FOR IMMEDIATE RELEASE 4 JANUARY 2011
NIITEK AWARDED $38.4 MILLION CONTRACT
Chemring Group PLC ("Chemring") is pleased to announce that its
US subsidiary, Non-Intrusive Inspection Technology, Inc.
("NIITEK"), has been awarded a $38.4 million contract from the US
Army, for the supply and initial spares of sixty four Husky Mine
Detection Systems for high reliability clearance of buried mines in
support of US peacekeeping operations around the world. Deliveries
under the contract will be made over the period to October
2011.
Dr David Price, Chief Executive of Chemring, commented: "The USA
and Canada have ordered over two hundred and forty Husky Mine
Detection Systems to date, a significant number of which are
already in operation. I am delighted with the success of NIITEK,
and its ability to deliver systems that have made an important
contribution to the safety of US and coalition forces. The contract
has a potential maximum value of $78 million."
Chemring is an international leader in energetic material
products and defensive countermeasures. NIITEK, which was acquired
by Chemring in December 2008, is the leading US producer of
vehicle-mounted Ground Penetrating Radar ("GPR") systems. NIITEK's
GPR systems are at the leading edge of mine detection technology
and are currently being used by US forces to protect their soldiers
on the ground.
For further information:
Chief Executive, Chemring Group
Dr David Price PLC 01489 881880
Finance Director, Chemring Group
Paul Rayner PLC 01489 881880
Rupert Pittman Cardew Group 020 7930 0777
This information is provided by RNS
The company news service from the London Stock Exchange
END
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