logo
Plus   Neg
Share
Email

Chemring Group U.S. Subsidiary Wins $93 Mln IDIQ Contract - Quick Facts

Chemring Group plc (CHG.L) said that its U.S- based subsidiary Chemring Sensors and Electronic Systems or CSES has been awarded a $93 million Indefinite Delivery Indefinite Quantity or IDIQ contract to refurbish and refresh the U.S. DOD's fleet of Husky Mounted Detection Systems (HMDS).

The enhanced fleet will include the addition of an array of new technologies designed and developed by Chemring Group to be effective against the most challenging targets, according to the company.

Chemring said that work under this contract will be carried out at CSES's facility in Dulles, Virginia.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Facebook has removed four separate networks of accounts, pages and groups for engaging in co-ordinated inauthentic behavior on Facebook and Instagram. These networks originated from Iran and Russia and primarily targeted the US, North Africa and Latin America. These networks often posted on both sides of political issues including topics like US elections, environmental issues, racial tensions. While reporting financial results for the third quarter on Tuesday, Lockheed Martin Corp. (LMT) raised its earnings and net sales guidance for the full-year 2019, and initiated net sales outlook for the full-year 2020. For fiscal 2019, the company now expects earnings of about $21.55 per share, up... Consumer goods giant Procter & Gamble on Tuesday reported a 12 percent increase in profit for the first quarter of fiscal 2020 from last year, driven by an increase in net sales and operating margin. Both revenue and core earnings per share for the quarter beat analysts' estimates. Looking ahead, the company raised its earnings and revenue growth guidance for the full-year 2020.
RELATED NEWS
Follow RTT
>