LONDON (dpa-AFX) - Chemring Group PLC (CHG.L) Monday said its Norwegian subsidiary, Chemring Nobel, has signed a 15-year deal with Northrop Grumman to supply HMX energetic material used in its missile programmes.
As part of the agreement, Chemring received an order worth $83 million from Northrop, with deliveries expected to begin in fiscal 2026. The company plans to complete the delivery by the following three years.
'These awards, which illustrate the long-term and valued relationship that we enjoy with Northrop Grumman, support our decision to invest in increasing the capacity of our three energetics businesses over the medium-term, and reinforces Chemring's position as a key supplier to NATO,' said Michael Ord, Chief Executive of Chemring.
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