Chemring Group Contract Awards

Chemring Group is pleased to announce that the UK Ministry of Defence (“MOD”) has now confirmed orders for the next two years totalling approximately £23 million.

All contracts are with UK based subsidiaries and are for the supply of countermeasures (£11 million), pyrotechnic products (£8 million) and a range of demolition stores (£4 million).

Deliveries under these contracts will be made during the MOD’s financial years commencing April 2018 and April 2019.

Michael Flowers, Group Chief Executive of Chemring, commented:

"We are delighted to receive these awards in support of the UK MOD which further underpin our plans for FY18 and help to build order coverage for FY19.

“As the UK MOD seeks to provide the armed forces with the highest level of protection, receipt of these contracts is testament to both the trusted position that Chemring holds with its key domestic customer and the mission-critical nature of our products in protecting the lives of our armed forces.

“We look forward to continuing to deliver the highest performing and highest quality products in support of our customers.”

Source: Chemring Group, PLC
Date: Apr 19, 2018