Poland's Nitro-Chem signs deal to supply TNT to US-based PEI [Yahoo! Finance]
General Dynamics Corporation (GD)
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Source: Yahoo! Finance
On Tuesday, the U.S. Senate passed a $95 billion bill to aid Ukraine and Israel, among others, and replenish U.S. stocks of weapons shipped abroad. Global munitions manufacturers are searching for suppliers of the chemical compounds needed for artillery and other explosives. "The agreement ... assumes regular deliveries of TNT to the United States, which will be used to implement American government weapons programs for 2026," Nitro-Chem, a subsidiary of Poland's state-owned PGZ group, said in a press release. "Strategic cooperation with Paramount Enterprises International from the United States resulted in another contract for the supply of TNT for producing Mk-series bombs and large caliber ammunition." Wednesday's deal is of similar scale to an agreement signed by Nitro-Chem with PEI in November, the Polish company's spokesperson told Reuters. The values and volumes of both deals were not disclosed due to confidentiality clauses, but would not involve increasing employment
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