The defense firm secured 91% of forecast 2026 revenue, citing strong demand amid rising geopolitical tensions and defense spending.
Chemring Group reported first-half trading in line with expectations and maintained its full-year outlook, backed by a record GBP 1.4 billion order book. The company said 91% of forecast 2026 revenue is already delivered or secured, reflecting robust order visibility in defense and national security sectors.
The Countermeasures & Energetics segment led performance, with revenue up 9% and operating profit surging 32%. Demand for countermeasures, particularly from European customers, drove growth amid increased defense budgets and missile-threat concerns. Management highlighted expansion projects in the U.S., Scotland, and Norway as on track.
Chief Executive Michael Ord noted “encouraging” order inflow despite U.K. market headwinds, attributing strong demand to geopolitical instability and a shift toward high-intensity deterrence. Cash conversion is expected to improve in the second half as investment and inventory builds ease.