Chemring's US subsidiary scores 76m dollar delivery order

3rd Jun 2013 13:55

FTSE 250-listed Chemring Group has reported that its US subsidiary, Non-Intrusive Inspection Technology (NIITEK), has been awarded a further delivery order worth 76m dollars to provide spares for the Husky Mounted Detection System (HMDS) for the US Army. The company reported that the delivery order had been issued under the $579m multi-year HMDS Ground Penetrating Radar Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract that was awarded on April 30th 2012. It said that the period of performance for the contract was through to May 2014. The NIITEK HMDS is a high-performance Ground Penetrating Radar (GPR) system which functions on Husky vehicles to provide real-time identification of anti-vehicular landmines and other explosive hazards on main supply routes and open areas such as minefields.Mark Papworth, Chief Executive Officer of Chemring, commented: "NIITEK's HMDS delivers a critical capability to US Soldiers and Marines, and coalition allies in protecting them against the threat of improvised explosive devices. We are pleased that these delivery orders enable us to continue our proven support to the US Army, and that NIITEK will continue to deliver critical spares to ensure their fleet is mission ready."Chemring's share price was down 0.14% to 282p at 14:16 on Monday.MF