Business
Contract Update
Contract Update.
About this update from Chemring Group Plc
[{"type":"text","content":"\n \nRNS Number : 8782S Chemring Group PLC 06 October 2017 \n\nFOR IMMEDIATE RELEASE 6 OCTOBER 2017\n \nCHEMRING GROUP PLC\nCONTRACT UPDATE\n \nChemring Group PLC is pleased to confirm that the cash advance payment and export licences associated with the US$30.0 million contract to supply 40mm ammunition to an international customer, have now been received. \n \nAcceptance of the first delivery has been approved by the customer, and shipments will be ongoing, with the majority of associated revenue and profit being recognised in FY17. \n \nThe Board's expectations for FY17 full year performance remain unchanged.\n \n-ENDS-\n \nFor further information:\nRupert Pittman Group Director of Corporate Affairs, 01794 833901\n Chemring Group PLC \n \nAndrew Jaques MHP Communications 0203 128 8100\nJames White  ...