Chemring Countermeasures Awarded GBP21 M Contract

Chemring Group PLC ("Chemring") is pleased to announce that its UK subsidiary, Chemring Countermeasures Ltd (“CCM”), has been awarded a five year long term partnering agreement worth £21 million, with options for a further £38 million over the contract period. The contract is for a range of different infra-red (“IR”) and radar frequency (“RF”) types of airborne expendable decoy flares for the UK MoD, that are used by the Royal Air Force, Royal Navy and British Army to protect a number of fixed and rotary wing aircraft from the threat of IR and RF guided missiles. Deliveries of these flares are scheduled to begin in May 2012 and continue through to March 2017. All work will be performed at the CCM plant in Salisbury, Wiltshire.

Dr David Price, Chief Executive of Chemring, commented: "We are very pleased to receive this order from the UK MoD, who continue to express their confidence and trust in our IR and RF decoys. This award is recognition of CCM’s focus on innovative product design, and a high standard of manufacturing, safety and quality in infra-red and radar frequency decoys for the UK and all our armed forces customers."

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Source: Chemring Group PLC
Date: May 1, 2012