Chemring Group secures £278 million in contracts from Germany and the US for munitions supply.

Chemring Group, a UK defense technology firm, has secured contracts worth £278 million from Germany and the US. Its Norwegian subsidiary, Chemring Nobel, signed a 12-year agreement to supply energetic material for 155mm munitions, with an initial order valued at €231 million. The US subsidiary received a $106 million order for components for a classified missile program. Both contracts will deliver over five years, starting in late 2026, supporting the company's expected operating profit of £70.9 million.

November 04, 2024
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