StockMarketWire.com - Chemring Group said its US subsidiary had been awarded two contracts worth around $42m combined.
The first was for the manufacture and delivery of infrared decoys for the US Army and Air Force and was valued at around $32m.
Deliveries would be made between 2018 and 2019, with all work to be performed at the company's facility Toone, Tennessee.
The second contract was for the manufacture and delivery of special material decoys for the US Air Force, valued at around $10m.
Deliveries would be made in 2019, with all work to be performed at the company's facility in Chester Township, Pennsylvania.
At 2:25pm: [LON:CHG] Chemring Group PLC share price was +5.5p at 228p
Story provided by StockMarketWire.com
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