LONDON (dpa-AFX) - Chemring Group Plc (CHG.L) announced that its US subsidiary, Non-Intrusive Inspection Technology, Inc., or NIITEK, has been awarded a sole source US Army Indefinite-Delivery/Indefinite-Quantity, or IDIQ, contract for the Ground Penetrating Radar Husky Mounted Detection System.
The IDIQ has a ceiling of $579 million, with an initial order of $161 million. According to Chemring, this contract provides the US Army the ability to procure spares and replacement systems to replenish theatre sustainment stock. Additionally, this contract will serve future system requirements for the US Army, the US Marine Corps, and potential foreign military sales.
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