CONTRACT AWARD (4709N)

TIDMCHG

RNS Number : 4709N

Chemring Group PLC

01 September 2011

FOR IMMEDIATE RELEASE 1 SEPTEMBER 2011

CHEMRING GROUP PLC

CHEMRING ORDNANCE AWARDED FURTHER OPTION UNDER ANTI-PERSONNEL OBSTACLE BREACHING SYSTEM (APOBS) CONTRACT

Chemring Group PLC ("Chemring") is pleased to announce that its US subsidiary, Chemring Ordnance, Inc. of Perry, Florida, has been awarded a second option under its contract to manufacture the MK7 MOD 2 Anti-Personnel Obstacle Breaching System ("APOBS") for the US Army and Marine Corps. The second option is worth $52.5 million in the first year of the contract, and supplements the first $22 million option award already received by Chemring Ordnance. The contract has a total estimated value in excess of $150 million over three years if all option quantities are exercised.

Dr David Price, Chief Executive of Chemring, commented "This is the second option award we have received on the APOBS contract, and provides firm order cover for the next three years. This significant new order now takes the Group's order book to over GBP1 billion."

The APOBS is a self-contained, one-shot, expendable linear demolition charge, which can be transported and deployed by a two person team. It is designed to safely clear 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 three 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

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