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Chemring - Order book hits another record

November 2006

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.

Chemring has announced the bolt-on £9m acquisition of Dorset-based BDL, a manufacturer of radio frequency initiators and hard wired exploders used for the remote detonation of demolition charges for bomb disposal. However, the main reason why the shares surged to an all-time high of 1632p was news that its core countermeasures division has won US$80m of new orders from the US Department of Defence. This is the final installment of the original US$150m framework agreement signed in January. US$57m is going to its Philadelphia based subsidiary, Alloy Surfaces, for its unique special material decoys. The remaining US$23m has been won by its Tennessee-based Kilgore Flares subsidiary, for various infra-red countermeasures. As a ...

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Venture Production

Chemring - Defence firm expects growth from “reverse peace dividend” (August 2022)

Chemring - Defence specialist winning big contracts with USâ€ˆmilitary (December 2019)

Chemring - Forward PE less than 6 but outlook increasingly uncertain (January 2012)

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Chemring - Wins huge contract (November 2009)

Chemring - Defence firm exploiting activity in Iraq and Afghanistan (September 2009)

Chemring (November 2008)

Chemring - Eps of 193p forecast for 2009 (August 2008)

Chemring - Order book rises to a record £420m (May 2008)

Chemring - Defence firm set to increase eps 71% over next two years (March 2008)

Chemring - Order book up 50% (January 2008)

Chemring (June 2007)

Chemring - Shares break over Â£20 (May 2007)

Chemring - Eps forecasts raised 10% to 101p (March 2007)

Chemring - Take part profit (January 2007)

Chemring (August 2006)

Chemring (July 2006)

Chemring - Positive AGM (May 2006)

Chemring - Benefiting from massive US defence contract wins (April 2006)

Chemring - Supplier of countermeasures growing on back of US military spend (February 2006)

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Chemring - Order book hits another record

November 2006

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