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Chemring shares jump 4% after Roke lands $170 million US defence deal
Chemring Group (LSE:CHG) PLC shares rose as much as 4% to 521p after its Roke subsidiary signed a five-year strategic agreement with a major US defence contractor worth at least $170 million. The FTSE 250 defence and aerospace group said the agreement covers supply of Roke's Nav-Sync Miniature Radar Altimeter, with the relationship expected to continue beyond the initial five-year term to at least 2035.
Chemring Group (LSE:CHG) PLC shares rose as much as 4% to 521p after its Roke subsidiary signed a five-year strategic agreement with a major US defence contractor worth at least $170 million. The FTSE 250 defence and aerospace group said the agreement covers supply of Roke's Nav-Sync Miniature Radar Altimeter, with the relationship expected to continue beyond the initial five-year term to at least 2035.
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