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Chemring - Order book up 50%

January 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CHG
  • Price:
  • 2082p
In its latest update covering its financial year ended 31 October,Chemring noted that trading at its countermeasures division, whichmakes decoy countermeasures to protect military assets from missileattacks, remains strong. This reflects significant volumes of work fromthe high level of global peacekeeping operations, particularly in Iraqand Afghanistan. Both its UK business and US arm, Alloy Surfaces,performed well, although there were production delays at its othersubsidiary, Kilgore.Chemring’s other division, Energetics, which encompasses militarypyrotechnics, such as signalling smoke, propellants and explosivedevices, also traded well while the recently acquired firm SimmelDifesa has just won a major contract worth Eu 26m to ...

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