By CITY & FINANCE REPORTER
23 February 2024
Chemring hailed an 'increasingly robust' outlook for the industry as conflicts rage around the world.
The defence 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 defence markets is increasingly robust with continued growth expected over the next decade.'
Robust outlook: Chemring is a world leader in countermeasures to protect fighter jets and warships from guided missiles
Chemring, which has 2,600 staff worldwide, said its expectations for the year are 'unchanged'.
Chief executive Michael Ord said: 'The current financial year continues broadly to plan despite severe weather impacting operations at some of our manufacturing sites.
'Our order book momentum has been maintained with the receipt of several significant orders, demonstrating continued customer confidence in Chemring's market-leading products and services.'
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