SMGZY - Smiths Detection nabs $90.8M potential contract from U.S. defence department

Smiths Detection, part of Smiths Group ([[SMGZY]] +3.2%) secures an indefinite delivery-indefinite quantity contract to manufacture joint chemical agent detector adapter for US Department of Defence.The contract is worth potentially $90.8M over an ordering period of maximum 9 years.This further brings the company to initiate manufacturing of solid liquid adapter, which will add new and expanded detection and identification capabilities to joint chemical agent detectors."The SLA leverages existing technology, extending both capabilities and the life-cycle of widely deployed detection devices," Smiths Detention President, Shan Hood.See Smiths Group's annual result presentation, here.

For further details see:

Smiths Detection nabs $90.8M potential contract from U.S. defence department