Chemring rises on $170 million U.S. radar altimeter supply deal

Chemring Group's (LSE:CHG) shares rose 4% after its subsidiary Roke secured a $170M+ deal with a US defence contractor. The agreement covers Roke’s Nav-Sync Miniature Radar Altimeter, with initial $16M order for 2026. The deal is expected to extend to 2035, supporting Chemring's revenue growth strategy.

Chemring stock rose 3.9% after its subsidiary secured a $170M+ deal to supply radar altimeters to a U.S. defense contractor, with initial $16M order. The contract extends to 2035, boosting its £1.4B order book. Chemring's rally was driven by company-specific news, not broader market trends. The stock peaked at 522.5p before settling around 519.5p.

Chemring Group (CHG.L) announced its subsidiary Roke Manor Research signed a $170M+ 5-year contract with a US prime contractor for its Nav-Sync Miniature Radar Altimeter. Initial order is $16M, with deliveries starting in October 2026. CEO Michael Ord highlighted the deal's role in expanding Roke's international revenue. Shares closed down 3.23% on the LSE.

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