Chemring ( (GB:CHG) ) has shared an announcement.
Roke, a part of Chemring Group PLC, has secured a significant multi-year contract with the UK Ministry of Defence for missile defence, known as the STORM framework. This £251 million contract positions Roke as a key player in the UK’s missile defence ecosystem, enhancing its role in national defence and security by addressing current and future threats such as ballistic and hypersonic missiles. The contract will bolster Roke’s influence in UK defence decision-making and development of next-generation missile defence capabilities, reinforcing its reputation as a trusted partner in solving complex security challenges.
More about Chemring
Chemring is a FTSE250 global business specializing in high technology products and services for the aerospace, defence, and security markets. With approximately 2,700 employees worldwide and production facilities in four countries, Chemring serves customers in over fifty countries. The company is organized into two strategic product segments: Sensors & Information and Countermeasures & Energetics, offering a diverse portfolio of reliable solutions to protect against evolving threats.
YTD Price Performance: 16.95%
Average Trading Volume: 1,686,047
Technical Sentiment Signal: Strong Sell
Current Market Cap: £997.6M
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