Chemring hails ‘more and more sturdy’ outlook for defence business
Chemring hailed an ‘more and more sturdy’ outlook for the business as conflicts rage all over the world.
The defence group, a world chief in countermeasures to guard fighter jets and warships from guided missiles, mentioned its order guide stood at a file £991m on the finish of January.
Ahead of its annual basic assembly, the FTSE 250 agency mentioned: ‘The outlook for world defence markets is more and more sturdy with continued development anticipated over the following decade.’
Robust outlook: Chemring is a world chief in countermeasures to guard fighter jets and warships from guided missiles
Chemring, which has 2,600 workers worldwide, mentioned its expectations for the yr are ‘unchanged’.
Chief government Michael Ord mentioned: ‘The present monetary yr continues broadly to plan regardless of extreme climate impacting operations at a few of our manufacturing websites.
‘Our order guide momentum has been maintained with the receipt of a number of vital orders, demonstrating continued buyer confidence in Chemring’s market-leading services and products.’
