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Chemring ( (GB:CHG) ) just unveiled an announcement.
Roke, a Chemring subsidiary, has secured a multi-year agreement with a major US Prime Contractor to supply its high-speed Miniature Radar Altimeter (MRA), marking a significant achievement in its strategy to expand revenue from its defense products. The contract, valued at £26 million over four years, underscores Roke’s growing role in space and missile programs, enhancing Chemring’s industry positioning and potentially offering substantial medium-term opportunities worth over £300 million.
More about Chemring
Chemring is a FTSE250 global business specializing in high technology products and services for the aerospace, defense, and security markets. With around 2,700 employees and production facilities in four countries, Chemring meets the needs of customers in over fifty countries. It operates under two strategic product segments: Sensors & Information and Countermeasures & Energetics.
YTD Price Performance: -2.59%
Average Trading Volume: 945,659
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £877.3M
Find detailed analytics on CHG stock on TipRanks’ Stock Analysis page.