Chemring announces contract wins

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) – Chemring (CHG.L) said its Norwegian subsidiary, Chemring Nobel, has signed a 12-year framework agreement with Diehl Defense for the supply of energetic MCX material. Chemring Nobel also signed an initial purchase order worth 231 million euros.

Chemring also announced that its US subsidiary, Chemring Energetic Devices, has received a $106 million order for the supply of critical components for use in an undisclosed US rocket program.

Chemring said that, following the announcement on October 17, 2024, the Group’s adjusted operating profit for the year ending October 31, 2024 is expected to be in line with consensus expectations of £70.9 million.

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