Chemring Secures Major Defense Contracts Worth £278M

Chemring (GB:CHG) has released an update.

Chemring Group PLC has secured significant contracts totaling £278 million, with its Norwegian and US subsidiaries signing deals for the supply of critical materials and components. Chemring Nobel has inked a €231 million agreement with Diehl Defence for MCX energetic material, while Chemring Energetic Devices received a $106 million order for a US missile program. These contracts underscore Chemring’s robust position in the defense market and are expected to bolster its financial performance in the coming years.

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