LONDON (ShareCast) - (Sharecast News) - UK defence electronics and countermeasures specialist Chemring's US subsidiary, CCM, has secured a $49.9m five-year so-called indefinite delivery/indefinite quantity contract from the US Navy for MJU-32/38 infrared decoy flares.
A first batch of the flares worth $11.3m was to be delivered in financial years 2021 and 2022, with all the associated work to be carried out at the firm's facility at Toone, Tennessee.

CCM was also awarded a $33.6m delivery order by the US Air Force for MJU-53/B countermeasures under the terms of a separate three-year $90m IDIQ contract signed in September 2019 with delivery by CCM also scheduled for 2021 and 2022.

Chemring boss, Michael Ord, said: "Winning this competitive IDIQ is further evidence of our growing position in the global countermeasures market and supports the Group's investment in its facilities.

"These two contracts build on our existing strong order cover for FY21 and demonstrate our customer's confidence in Chemring's ability to develop and supply highly effective countermeasures."

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