Chemring Group PLC - Subsidiary Contract Awarded
01 7월 1999 - 4:32PM
UK Regulatory
RNS No 6952p
CHEMRING GROUP PLC
1 JULY 1999
CHEMRING AWARDED 5 YEAR BRITISH AEROSPACE CONTRACT
Chemring Group PLC (Chemring), today announced that its subsidiary,
Kembrey Wiring Systems Ltd., has been awarded a British Aerospace
(BAe) preferred supplier contract to supply wiring harness assemblies
for all its military aircraft. The contract is for an intial 5 year
period.
Several companies world wide competed in the first review of the
selection process which was very thorough and competition was fierce.
Kembrey's Computer Aided Design and engineering expertise together
with their new investments in the latest laser technology were
significant factors in BAe s decision.
The BAe contract adds to Kembrey's already strong presence in the
aerospace sector with existing Long Term Agreements with Rolls Royce
and BMW/RR. It also complements a healthy order book at the Swindon
facility and provides further strong growth and employment
opportunities for the future.
Enquiries:
David Evans Chief Executive today 0171 930 0777
after 1 July 01489 881 880
Peter Gaze Cardew & Co. 0171 930 0777
END
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