Chemring Group PLC (CHG.L) announced that Roke has signed a multi-year agreement with a major US Prime Contractor for the supply of its high-speed Miniature Radar Altimeter. Valued at a minimum of 26 million pounds or US$32 million over four years, deliveries will begin in October 2025 with production taking place at Roke's Romsey, UK, facility.
Roke's Miniature Radar Altimeter is the smallest and lowest mass radar altimeter of its type currently available for use in missile systems and uncrewed air vehicles. Roke's proprietary software algorithms and digital signal processing hardware enable highly accurate altitude measurement over land and sea when operating in high speed, low altitude, austere environments, Chemring said in a statement.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.