Wiltshire-based Chemring group’s trading in the period to September progressed as planned, despite the challenging macro-economic environment in which we continue to operate, the company said.
The group has received a number of significant orders during the period. As at 30 September, the order book was £678m (30 April 2022: £488m), with £40m of the increase attributable to FX translation arising from the stronger US dollar.
Order cover for FY23 is building, with Countermeasures & Energetics having 93% order cover of expected revenue and the shorter cycle Sensors & Information sector having 60% cover.
-(2).png?sfvrsn=3b7e3050_0){kind=logo}
