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Kromek Secures Two Contract Awards From US Defence Agency

LONDON (Alliance News) - Radiation detection technology company Kromek Group PLC on Monday said ...

Alliance News 22 February, 2016 | 8:02AM
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LONDON (Alliance News) - Radiation detection technology company Kromek Group PLC on Monday said it has secured a 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 USD600,000 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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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Kromek Group PLC 26.30 GBX -4.36 -
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