UK's Chemring rises as US DoW awards help restart operations at U.S. unit
25/06/2026 09:04
BUZZ-UK's Chemring rises as US DoW awards help restart operations at U.S. unit ** Shares of global aerospace and defence products maker Chemring CHG.L up 1.8% at 494p
** Signs agreements with the US Department of War(DoW), enabling resumption of manufacturing and operations at its Alloy Surfaces Company (ASC) unit.
** DoW awards new $300 million Indefinite Delivery, Indefinite Quantity contract to produce pyrophoric airborne decoys
** Will also receive $45 million of funds to launch the restart of manufacturing operations at ASC
** So far in 2026, CHG has gained ~4.34%
(Reporting by Anushka Chourasia in Bengaluru)