Key Developments: Chemring Group PLC (CHG.L)
Latest Key Developments (Source: Significant Developments)
Chemring Group plc announced that the Board is declaring an interim dividend of GBP0.053 per ordinary share (2011: GBP0.04). This represents an increase of 33% over last year's interim dividend. The interim dividend will be paid on August 3, 2012 to shareholders on the register at July 13, 2012. Full Article
Chemring Group plc announced that its UK subsidiary, Chemring Countermeasures Ltd (CCM), has been awarded a five year long term partnering agreement worth GBP21 million, with options for a further GBP38 million over the contract period. The contract is for a range of different infra-red (IR) and radar frequency (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. Full Article
Feb 27 - British defence contractor Chemring Group Plc reported a 13 percent decline in revenue for the first quarter, citing a "challenging" market for its sensors, pyrotechnics and other products.