TIDMCHG

RNS Number : 2361A

Chemring Group PLC

28 January 2011

FOR IMMEDIATE RELEASE 28 JANUARY 2011

MECAR AWARDED $145 MILLION CONTRACT

Chemring Group PLC ("Chemring") is pleased to announce that its Belgian subsidiary, Mecar S.A. ("Mecar"), has been awarded a $145 million multi-year contract for the supply of medium and large calibre ammunition to a Middle East customer. Deliveries under the contract will commence in 2012.

Dr David Price, Chief Executive of Chemring, commented: "I am delighted by the continued success of Mecar. This contract will provide a firm foundation for the business over the next few years."

Chemring is an international leader in energetic material products and defensive countermeasures. Mecar, which was acquired by Chemring in September 2010, is a niche manufacturer of medium and large calibre ammunition, particularly for modern, light armoured vehicles.

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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