Chemring Group wins contract with US Army
Chemring Group said Tuesday its US arm Chemring Detection Systems was awarded another contract to supply chemical detection systems to the US Army.
Chemring Group said Tuesday its US arm Chemring Detection Systems was awarded another contract to supply chemical detection systems to the US Army.
The agreement is for a $28.5m delivery order against a multi-year indefinite delivery/indefinite quantity contract.
The Edgewood Contracting Division of the US Army Contracting Command-APG ordered more than 100 joint services lightweight standoff chemical agent detectors (JSLSCAD), which identifies chemical warfare agents at ranges up to 5.0km.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The systems will be installed in the Stryker Nuclear Biological Chemical Reconnaissance Vehicle.
"Chemring continues to provide reliable JSLSCADs to the US Army, and we are proud to support the production of this critical equipment," Mark Papworth, Chief Executive of Chemring, said.
"This award is especially important in light of the current international chemical threats. The JSLSCAD offers a unique capability that provides excellent long range, chemical agent detection for the Armed Forces."
Chemring Detection Systems is a major provider of stand-off chemical detection to the US Department of Defense.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Saba Capital and Boaz Weinstein respond to investment trusts
As investment trust managers and industry experts accuse Saba of self-motivated opportunism, the hedge fund responds to specific "misleading claims" and sets out its stall
By Dan McEvoy Published
-
How to find top-quality companies with growing dividends
Ian Mortimer, portfolio manager of Guinness Global Equity Income Fund, shares where he would put his money for sustainable and growing dividends
By Ian Mortimer Published