West embarks on ‘decade of rearmament' as defence orders boom [Yahoo! Finance]
CHEMRING GRP PLC UNSP/ADR (CMGMY)
NASDAQ:AMEX Investor Relations:
chemring.co.uk/investors.aspx
Company Research
Source: Yahoo! Finance
The FTSE 250 company, based in Hampshire, revealed on Tuesday that its pipeline of work had grown to more than £1bn in value. That is up from £922m as recently as October and £500m in 2021. Chemring supplies so-called countermeasures for aircraft, such as flares, decoys and “chaff”, small pieces of metal or glass fibre dispersed to confuse radar and incoming missiles. The devices are used by the Royal Air Force's Typhoon fighters and F-35 stealth jets, as well as by a string of aircraft operated by the US and other Nato countries. Its sensors and information division also provide electronic warfare software used to jam communications, and devices for detecting chemical and biological hazards. With the war in Ukraine having spurred a wave of rearmament across the West, the company's order book is benefiting from the large number of US-made F-35 jets being bought by allies including Britain, Australia and Germany. Michael Ord, the company's chief executive, said on Tuesday:
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