Chemring Group PLC CONTRACT AWARDS (9754T)
20 12월 2012 - 4:00PM
UK Regulatory
TIDMCHG
RNS Number : 9754T
Chemring Group PLC
20 December 2012
FOR IMMEDIATE RELEASE 20 December 2012
CHEMRING GROUP PLC
NIITEK AWARDED $32 MILLION ADDITIONAL HMDS IDIQ DELIVERY
ORDERS
Chemring Group PLC ("Chemring") is pleased to announce that its
US subsidiary, Non-Intrusive Inspection Technology, Inc.
("NIITEK"), has been awarded two additional delivery orders
totaling $32 million to provide spares for both the US Army and US
Marine Corps. These delivery orders are issued as part of the
multi-year Husky Mounted Detection System ("HMDS") Ground
Penetrating Radar ("GPR") Indefinite-Delivery/Indefinite-Quantity
("IDIQ") contract that was awarded on 30 April 2012. This contract
not only provides the US Army with the ability to procure spares
and replacement systems to replenish theatre sustainment stock, but
also provides the ability to serve future system requirements for
the US Marine Corps and potential Foreign Military Sales. The
potential value of the IDIQ contract is $579 million, with
performance into 2013.
Mark Papworth, Chief Executive of Chemring, commented:
"We are delighted that these additional delivery orders enable
us to continue our vital support to the US Army and US Marine Corps
with NIITEK's HMDS products. Since the inception of the HMDS over
four years ago, our commitment remains to provide the best
explosives and mine detection capability to US and coalition forces
currently in combat, as well as looking ahead to support them as
they stand ready to conduct operations around the world."
-ENDS-
Chemring Group PLC
Rupert Pittman Director of Communications and Investor Relations
01489 881 880 / rupertp@chemring.co.uk
MHP Communications
Andrew Jaques / James White
0203 128 8100
Notes to Editors:
Chemring is a market leading manufacturing business supplying
high technology electronics and energetic products to over eighty
countries around the world. Chemring has a diverse portfolio of
products that predominantly protect military people and platforms,
providing insurance against a constantly changing threat. These
range from countermeasures to protect aircraft, to ground
penetrating radar to protect troops and vehicles from improvised
explosive devices. NIITEK, a Chemring company since 2008, is the
world leader in the design, development and production of Advanced
Ground Penetrating Radar ("GPR") systems. NIITEK's Advanced GPR
systems are at the leading edge of mine detection technology with
over two hundred systems successfully being used by US and
Coalition forces in Afghanistan.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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