UK defense firm Chemring reports record orders of £1.04 billion, fueled by rising global defense budgets.

UK defense company Chemring Group reported a record order book of £1.04 billion, driven by increased global defense spending. Despite facing margin pressures due to poor weather and a legacy US contract, Chemring plans to raise its final dividend by 13% to 5.2p per share. The company aims to reach £1 billion in annual revenue by 2030, with strong demand in the defense sector supporting its growth.

4 months ago
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