Defence contractor Chemring said its US arm had received a 32 million dollar order for mine detection kit from the US military.
The subsidiary, Non-Intrusive Inspection Technology, will supply spare parts to the US Army and US Marine Corps.
The deal is part of a supply contract for its Husky Mounted Detection System, which was signed in April.
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 system aims to detect improvised explosive devices (IEDs) and is in use with Coalition forces in Afghanistan.
"Since the inception of the [Husky] over four years ago, our commitment remains to provide the best explosives and mine detection capability to US and coalition forces currently in combat, " said Chemring's Chief Executive, Mark Papworth.
-
How much should I have in emergency savings?When your boiler breaks or your car won’t start, you can find yourself paying a hefty bill. How much should you have in emergency savings to cover unexpected costs?
-
ISA investments by age: should I invest more in my stocks and shares ISA?Stocks and shares ISAs are a great way to grow long-term wealth, but are they overlooked compared to cash savings? We look the average ISA investment by age and if you should have more.
