LONDON (dpa-AFX) - Chemring Group Plc (CHG.L) announced that its UK subsidiary, Chemring Countermeasures Ltd., or CCM, has been awarded a five year long term partnering agreement worth 21 million pounds, with options for a further 38 million pounds over the contract period.
The contract is for a range of different infra-red, or IR, and radar frequency, or RF, types of airborne expendable decoy flares for the UK MoD, that are used by the Royal Air Force, Royal Navy and British Army to protect a number of fixed and rotary wing aircraft from the threat of IR and RF guided missiles. Deliveries of these flares are scheduled to begin in May 2012 and continue through to March 2017. All work will be performed at the CCM plant in Salisbury, Wiltshire, Chemring noted.
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