Business · Companies · 1 day ago
Chemring's Roke wins US defence agreement worth at least $170 million
Roke, part of UK defence group Chemring, signed a US deal with a major American defence contractor.
The five-year agreement is worth at least $170 million and covers Roke's Nav-Sync Miniature Radar Altimeter.
The device measures altitude over land and sea and is designed for high-speed platforms and uncrewed aircraft.
Roke has an initial $16 million production order for the first 12 months of the agreement.
Deliveries are due to begin in October 2026, and the relationship is expected to continue beyond the initial term to at least 2035.
The deal gives Roke a foothold in a major US defence programme and supports Chemring's effort to grow its international business.
A multi-year agreement does not guarantee all expected work; further activity depends on programme awards, funding and delivery, and investors will look for updates on the contract's contribution to Chemring's order book.
Roke, a subsidiary of Chemring Group, signed a five-year strategic agreement with a major US defence contractor worth at least $170 million.
The agreement covers supply of Roke’s Nav-Sync Miniature Radar Altimeter.
Roke has received an initial $16 million production order covering the first 12 months.
Deliveries are due to begin in October 2026, and the relationship is expected to continue beyond the initial term to at least 2035.
Chemring shares rose as much as 4% to 521p after the deal was announced.
- Who
- Roke, a subsidiary of Chemring Group, and a major US defence contractor.
- What
- They signed a five-year strategic agreement worth at least $170 million for Roke to supply its Nav-Sync Miniature Radar Altimeter.
- When
- The agreement was reported on October 14, 2026. Deliveries are due to begin in October 2026.
- Where
- The agreement is with a US defence contractor; the specific location is not stated.
- Why
- The agreement covers supply of Roke’s radar altimeter. The sources do not state a further reason for the deal.
This story does not have two clearly opposing sides.
Roke received an initial $16 million production order covering the first 12 months of the agreement.
Deliveries are due to begin.
The relationship is expected to continue beyond the initial five-year term to at least 2035.
- Agreement value
- At least $170 million
- Initial order
- $16 million
- Initial agreement term
- Five years
- Product
- Nav-Sync Miniature Radar Altimeter
- Expected deliveries
- Begin in October 2026
- Expected relationship
- Continue to at least 2035