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  5. CORRECT: Kromek Secures Two Contract Awards From US Defence Agency

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Share Price: 7.85
Bid: 7.50
Ask: 8.20
Change: 0.10 (1.29%)
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CORRECT: Kromek Secures Two Contract Awards From US Defence Agency

Mon, 22nd Feb 2016 09:13

(Correcting value of new single-source contract.)

LONDON (Alliance News) - Radiation detection technology company Kromek Group PLC on Monday said it has secured a new single-source contract from a US government agency, plus another follow-on award.

The company said the Defense Advanced Research Projects Agency, part of the US Department of Defense, has awarded Kromek a single-source contract to supply spectroscopic personal radiation detectors. The deal will start immediately and is worth around USD6.0 million to Kromek.

In addition, the company has won a modification to an existing contract in place with DARPA covering electronic modules used to retrofit and test legacy radiation detectors. The modification is worth around USD748,000.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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