Hand-drawn graph showing positive correlation.
Corsham-based Chemring has increased profits in its 2021 financial year, and trading since the start of the year has been in line with expectations, according to Michael Ord, group chief executive.

With 84 per cent of 2022 anticipated revenue covered by the order book, the board’s expectations for 2022 performance are unchanged, he said.

Chemring was well placed, with a robust strategy, market-leading positions across different geographies and sectors, and with products and services that were critical to the UK government and blue-chip customers around the world. Underlying operating profit was up 10 per cent at £60.1m.

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