Chemring's Roke Unit Signs At Least $170 Mln, 5-Year US Contract To Supply Miniature Radar Altimeter
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.
