8/104 sources · 3 publishersUpdated Oct 14, 09:34 UTC
Chemring unit wins at least $170M US radar-altimeter contract
Chemring’s Roke Manor Research won a contract worth at least $170M from a US prime contractor for its Nav-Sync Miniature Radar Altimeter. The agreement covers an initial five-year term, with a $16M opening order and deliveries scheduled to start in October 2026. Reports say the arrangement is expected to continue through at least 2035.
Why it matters
The award gives Roke a long-duration supply program and an immediate order worth $16M, creating a direct path to revenue from October 2026. One report said the contract increased Chemring’s £1.4B order book.
Key facts
- 1Roke Manor Research signed a five-year contract valued at least $170M with a US prime contractor. rttnews.com
- 2The contract includes an initial $16M order, with deliveries beginning in October 2026. rttnews.com
- 3The agreement is expected to extend to at least 2035. investing.com
- 4Chemring’s order book was reported at £1.4B at its H1 2026 interim results. investing.com
Open questions
- The reported delivery timing differs: one material specifies October 2026, while another says deliveries began immediately.
- The reported share-price reaction conflicts, ranging from a 3.23% decline to gains of 3.9% and 4%.
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.