Chemring Wins $300 Million US Defense Contract
Chemring Group PLC (LON:CHG) saw its shares increase by 1.8% on Thursday, 25 June 2026, following the announcement of new agreements with the United States Department of War. The agreements enable Chemring’s Alloy Surfaces Company unit to resume manufacturing and operational activities.
The Department of War awarded Chemring a $300 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract for the production of pyrophoric airborne decoys. In addition, Chemring will receive $45 million in funding specifically to restart manufacturing operations at the Alloy Surfaces Company unit.