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Chemring hailed an “increasingly strong” outlook for the industry as conflicts hit around the world.
The defense group, a world leader in countermeasures to protect fighter jets and warships from guided missiles, said its order book stood at a record £991m at the end of January.
Ahead of its annual general meeting, the FTSE 250 firm said: “The outlook for global defense markets is increasingly strong with continued growth expected over the next decade.”
Strong Insights: Chemring is a world leader in countermeasures to protect fighter aircraft and warships from guided missiles.
Chemring, which has 2,600 employees worldwide, said its expectations for the year remain “unchanged.”
Chief executive Michael Ord said: “The current financial year continues broadly as planned despite severe weather affecting operations at some of our manufacturing sites.
“The momentum of our order book has been maintained with the receipt of several large orders, demonstrating continued customer confidence in Chemring’s market-leading products and services.”