CONTRACT AWARD (8961I)

TIDMCHG

RNS Number : 8961I

Chemring Group PLC

22 June 2011

FOR IMMEDIATE RELEASE 22 JUNE 2011

CHEMRING GROUP PLC

CHEMRING ORDNANCE AWARDED ANTI-PERSONNEL OBSTACLE

BREACHING SYSTEMS (APOBS) CONTRACT

Chemring Group PLC ("Chemring") is pleased to announce that its US subsidiary, Chemring Ordnance, Inc. of Perry, Florida, has been awarded a contract to manufacture the MK7 MOD 2 Anti-Personnel Obstacle Breaching System ("APOBS") for the US Army and Marine Corps. The total estimated contract value is in excess of $150 million over three years if all option quantities are exercised.

Dr David Price, Chief Executive of Chemring, commented "The APOBS contract award expands Chemring's offerings in the demolition stores market and underpins the continued growth of Chemring Ordnance. We are delighted about the US Army's continued confidence in Chemring to provide protection for their soldiers."

The APOBS is a self-contained, one-shot, expendable linear demolition charge, which can be transported and deployed by a two person team, and is capable of safely clearing a footpath through anti-personnel mines and multi-strand wire obstacles.

Chemring is an international leader in energetic material products and defensive countermeasures, with more than 4,000 employees and twenty one facilities in eight countries. Chemring Ordnance is a leading US contractor in the design, development and production of military pyrotechnic signals, markers and flares.

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

CNTDKBDDCBKKFAB

Chemring (LSE:CHG)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024