Surging military spending boosts London-listed defence sales Stock Market Two London-listed manufacturing contractors are reaping the benefits of a surge in defence spending as the period of geopolitical turmoil boosts sales across the sector. FTSE AIM-listed firm Gooch & Housego’s saw its profits before tax surge by nearly 16 per cent in the first half of the financial year, up to £3.3bn, driven by [...]
Norway’s record warship order sparks defence stock rally Markets British defence stocks rallied across the board on Monday after Norway commissioned a record-breaking order of British-made warships and Babcock was handed an upgrade by a top stock broker. Shares in BAE Systems rose by nearly two per cent after the Ministry of Defence (MoD) confirmed the Nato member had placed an order for five [...]
Chemring shares jump after Bain Capital makes bid Markets Bain Capital, one of the world’s largest private equity firms, has reportedly launched a takeover bid for defence group Chemring. Sky News’ Mark Kleinman first reported that Bain has made at least one proposal to acquire the FTSE 250 group, which is used by Elon Musk’s SpaceX Shares in Chemring jumped as much as 13 [...]
Chemring: British defence giant wins major US contract for missile radars January 14, 2025 Chemring shares rose this morning after it unveiled a fresh deal with a US-based company for the supply of miniature radars. The four-year contract is valued at £26m, with production commencing at the FTSE 250 firm’s Hampshire headquarters in October. Shares rose around three per cent by mid-morning. Chemring will supply Miniature Radar Altimeters (MRA) [...]
Chemring shares plunge despite record orders December 17, 2024 Chemring shares plunged on Tuesday as production and foreign exchange headwinds dented investor confidence despite booming orders. The FTSE 250 British defence contractor’s order book reached a record £1.04bn in 2024, meaning more than two-thirds of next year’s revenue forecast is already covered. Such soaring demand saw Chemring double down on a target of reaching [...]
Nato supplier Chemring reveals £278m boost as geopolitical tensions fuel boom November 4, 2024 Shares in Chemring are up over 26 per cent in the last 12 months and rose nearly two per cent in early trading on Monday.
Chemring: UK defence firm forecasts decade of rearmament as war fuels record orders June 4, 2024 Chemring's chief executive has forecast a decade of rearmament around the globe after the company posted a record half for new orders.
Chemring reports record backlog ahead of annual meeting as higher defence spending benefits group February 23, 2024 The increase in numbers and positive outlook comes despite weather conditions impacting manufacturing operations in certain locations