HIGHLIGHTS
NIITEK won orders worth over $120m
NIITEK had an excellent year, successfully delivering its first contract for 30 Husky Mounted Detection Systems (HMDS) in September 2009 to the US Army and subsequently receiving a follow-on contract for a further 50 systems. With over 30 HMDS units now deployed on counter-IED operations, NIITEK has made an impressive contribution to the Group.
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Strong growth at Simmel Difesa
Simmel Difesa had another excellent year, delivering over £50 million of pyrotechnic products. This was an increase of 96% on the previous year, and included 70% growth in the supply of 81mm illuminating rounds to our UK customers. Orders for a further €42 million have been received this year, and underpin production of our 81mm pyrotechnic mortar rounds until the end of 2011.
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Acquisition of Hi-Shear
In September, we announced the acquisition of Hi-Shear, which will enhance our capability in the space sector as the sole qualified supplier of initiators to NASA. It also adds a position in the US ballistic missile defence market, as the sole supplier of key components for the PAC-3 missile. The acquisition was completed in November 2009.
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