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Chemring reflects on ‘good progress’

21 June 2018

Countermeasures and energetic materials specialist Chemring has looked back on “good progress on all fronts” during the first half of its financial year.

The UK group reported a 5% increase in operating earnings to GBP18.1 million (USD23.8 million), although the completion of a 40 mm ammunition contract suppressed revenues and contributed to an 8% dip to GBP229.3 million. The order backlog also fell 21% to GBP441.5 million.

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