Chemring secures US military order
Defence contractor Chemring said its US arm had received a 32 million dollar order for mine detection kit from the US military.
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.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Barclays begins paying up to £100 compensation to customers after banking outage
Barclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
By Daniel Hilton Published
-
Review: Shangri-La Paris – an ode to the world’s best food
Natasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
By Natasha Langan Published