Newspaper article The Journal (Newcastle, England)

Ongoing Military Activity Boosts Defence Firm's Profits

Newspaper article The Journal (Newcastle, England)

Ongoing Military Activity Boosts Defence Firm's Profits

Article excerpt

A DEFENCE firm specialising in flares, explosives and mine-detection has reported a 44% leap in profits and said ongoing military activity worldwide would maintain strong growth.

Hampshire-based Chemring said while the Iraq war was over, continued hostilities in areas such as Afghanistan, Pakistan and the Middle East were keeping up demand for its products..

The group reported profits of pounds 29.9m in the six months to April 30, up from pounds 20.7m a year earlier.

The weak pound and recent takeovers provided a major boost, with exchange rates accounting for 17% of the underlying profits growth and around half of the remaining rise from acquisitions.

Chemring is an expert in pyrotechnics and explosives for the defence, security and safety markets - such as flares for battlefield and marine use, as well as land-mine detection technology and aircraft counter-measures against missile threats. It employs more than 3,000 people in the UK, Europe, Spain and Australia. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.