This news is classified in: Defense Contracts Infantry Weapons
Oct 6, 2017
Chemring Group PLC is pleased to confirm that the cash advance payment and export licences associated with the US$30.0 million contract to supply 40mm ammunition to an international customer, have now been received.
Acceptance of the first delivery has been approved by the customer, and shipments will be ongoing, with the majority of associated revenue and profit being recognised in FY17.
The Board’s expectations for FY17 full year performance remain unchanged.
By Type (Anti-Aircraft Missiles, Anti-tank Rifles, Recoilless Rifles and Rocket Propelled Grenades), By Modes (Light Anti-Tank Weapons, Medium Anti-Tank Weapons and Heavy Anti-Tank Weapons), By Technology (Guided Weapons and Unguided Weapons), By Region, Competition, 2019-2029F
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