Chemring Group PLC Contract award and year-end update (9000R)
01 11월 2019 - 4:00PM
UK Regulatory
TIDMCHG
RNS Number : 9000R
Chemring Group PLC
01 November 2019
FOR IMMEDIATE RELEASE 1 NOVEMBER 2019
CHEMRING GROUP PLC ("Chemring" or the "Company")
CONTRACT AWARD AND YEAR-END UPDATE
Contract award - Aerosol and Vapor Chemical Agent Detector
"AVCAD"
Following a successful Critical Design Review earlier this
month, Chemring is pleased to announce the receipt of a contract
award for a further 75 units under the US DoD's competitive AVCAD
Program of Record. This award, part of the Engineering
Manufacturing Development phase under the Next Generation Chemical
Detector family of systems, was exercised as an option under the
previously announced contract for AVCAD baseline product
development with multi-year production options. These units are
expected to be delivered in Chemring's 2020 financial year.
Year-end update
With continued positive momentum, trading for the year ending 31
October 2019 has ended robustly and the Board's expectations are
now for adjusted operating profit to be slightly ahead of
expectations. With lower interest and taxation charges, adjusted
earnings per share is also expected to be ahead of
expectations.
The continued focus on the management of working capital, cash
generation and the reduction of intra period net debt volatility
has delivered positive results. Net debt at year end is now
expected to be approximately GBP76m.
FY19 Results
Chemring's FY19 results are scheduled to be announced on 16
December 2019.
-ENDS-
For further information:
Rupert Pittman Group Director of Corporate Affairs, 01794 833901
Chemring Group PLC
Andrew Jaques MHP Communications 0203 128 8100
Oliver Hughes
Cautionary statement
This announcement contains forward-looking statements that are
based on current expectations or beliefs, as well as assumptions
about future events. These forward-looking statements can be
identified by the fact that they do not relate only to historical
or current facts. Forward-looking statements often use words such
as anticipate, target, expect, estimate, intend, plan, goal,
believe, will, may, should, would, could, is confident, or other
words of similar meaning. Undue reliance should not be placed on
any such statements because they speak only as at the date of this
document and, by their very nature, they are subject to known and
unknown risks and uncertainties and can be affected by other
factors that could cause actual results, and Chemring's plans and
objectives, to differ materially from those expressed or implied in
the forward-looking statements. There are a number of factors which
could cause actual results to differ materially from those
expressed or implied in forward-looking statements. Among the
factors that could cause actual results to differ materially from
those described in the forward-looking statements are: increased
competition, the loss of or damage to one or more key customer
relationships, changes to customer ordering patterns, delays in
obtaining customer approvals for engineering or price level
changes, the failure of one or more key suppliers, the outcome of
business or industry restructuring, the outcome of any litigation,
changes in economic conditions, currency fluctuations, changes in
interest and tax rates, changes in raw material or energy market
prices, changes in laws, regulations or regulatory policies,
developments in legal or public policy doctrines, technological
developments, the failure to retain key management, or the key
timing and success of future acquisition opportunities or major
investment projects. Chemring undertakes no obligation to revise or
update any forward-looking statement contained within this
announcement, regardless of whether those statements are affected
as a result of new information, future events or otherwise, save as
required by law and regulations.
Notes to editors
-- Chemring is a global business that specialises in the
manufacture of high technology products and the provision of
services to the aerospace, defence and security markets
-- Employing approximately 2,500 people worldwide, and with
production facilities in four countries, Chemring meets the needs
of customers in more than fifty countries
-- Chemring is now organised under two strategic product
segments: Sensors & Information and Countermeasures &
Energetics
-- Chemring has a diverse portfolio of products that deliver
high reliability solutions to protect people, platforms, missions
and information against constantly changing threats
-- Operating in niche markets and with strong investment in
research and development ("R&D"), Chemring has the agility to
rapidly react to urgent customer needs
www.chemring.co.uk
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
TSTCKDDDNBDBOKN
(END) Dow Jones Newswires
November 01, 2019 03:00 ET (07:00 GMT)
Chemring (LSE:CHG)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Chemring (LSE:CHG)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024