Simmel Awarded Eur 38M Pyrotechnic Contracts
Chemring Group PLC ("Chemring") is pleased to announce that its Italian subsidiary, Simmel Difesa S.p.A.(“Simmel”), has been awarded further contracts to the value of €38 million for the delivery of 81mm pyrotechnic illumination mortar rounds. This award amends and extends existing contracts that were awarded in 2010, which amounted to €24.5 million, and raises the total replacement contracts to €62.5 million. Deliveries under the contracts will be made over the period from 2012 to 2014.
Dr David Price, Chief Executive of Chemring, commented: "I am delighted with today’s announcement. It confirms Chemring’s leading role within the pyrotechnics industry and the sustained requirement for these products despite current defence cuts."
Ammunition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021
Simmel, based in Colleferro, Italy, is a key supplier of energetics sub-systems such as fuzes, safety and arming systems, warheads and modular charge systems for major ammunition prime contractors around the world. The company is also a specialist manufacturer of medium and large calibre ammunition, rockets and illumination mortar rounds for a substantial number of NATO and non-NATO armed forces. Simmel has a second site at Anagni, Italy, where it has a specialist facility for the disposal of ordnance at the end of its operational life.
Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.
Source : Chemring Group PLC
Jun 20 - 22, 2016 - Washington, United States