Chemring signs A$18 million Australian defence contract



British defence contractor Chemring Group Plc (CHG.L), which has been struggling with defence budget cuts in its key markets, said on Thursday that it had signed an Australian contract for A$18 million (£10.61 million).
The deal, with the Australian Department of Defence, is to supply Chemring's Resolve 3 portable electronic surveillance systems, the company said.
"This is the largest award that the group has received for the Resolve system, growing Resolve's user-base to nine countries..." CEO Michael Flowers said.
Chemring, which also makes ejector seats for fighter jets and... read more

 
29 September 2016 in Business, Views: 38
Source: Reuters
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