Chemring shares plunge despite record orders Business Chemring shares plunged on Tuesday as production and foreign exchange headwinds dented investor confidence despite booming orders. The FTSE 250 British defence contractor’s order book reached a record £1.04bn in 2024, meaning more than two-thirds of next year’s revenue forecast is already covered. Such soaring demand saw Chemring double down on a target of reaching [...]
Nato supplier Chemring reveals £278m boost as geopolitical tensions fuel boom Business Shares in Chemring are up over 26 per cent in the last 12 months and rose nearly two per cent in early trading on Monday.
Chemring: UK defence firm forecasts decade of rearmament as war fuels record orders Defence Chemring's chief executive has forecast a decade of rearmament around the globe after the company posted a record half for new orders.
Chemring reports record backlog ahead of annual meeting as higher defence spending benefits group February 23, 2024 The increase in numbers and positive outlook comes despite weather conditions impacting manufacturing operations in certain locations