Corsham-based security and defence company Chemring's trading
update for the period to 13 September said it had progressed as planned despite
the challenging environment.
The outturn for the year ending 31 October was expected to be
in line with expectations, and the group's order book at 31 August was £464m, providing “full visibility for the
remainder of the current financial year based on expected delivery schedules.”
The company said: “We continue to invest in safety, operational excellence, technology R&D, and the modernisation and automation of our manufacturing facilities. This has been funded by continued strong operating cash conversion.” Chemring employs around 2,300 people worldwide.