A Romsey-based defence contractor has secured a multi-million-pound deal with a US company.
Chemring Group PLC, based in Romsey, Hampshire, has announced that its subsidiary, Roke, has signed a multi-year agreement with a US contractor to supply high-speed miniature radar altimeters.
The contract is worth at least £26 million over four years, with deliveries starting in October.
Chemring says Roke's MRA is the smallest of its type available for use in missile systems and unmanned air vehicles.
Based at Roke Manor, the technology products and services provider has seen profits rise by more than 20 per cent.
As reported in December, it saw a 21 per cent increase in pretax profit in the financial year that ended October 31, rising from £44.1m in financial 2023 to £53.3m.
Chemring chief executive Michael Ord said: "This growing visibility gives us the confidence to continue to invest for the future, balancing near-term performance with longer-term growth and value creation."
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here