Chemring - Flight path adjusted
Chemring is making strong progress on many fronts as market dynamics begin to play in its favour. It has re-established its financial footing and is positioned to drive growth organically and with selective M&A. FY18 is likely to be one of consolidation due to the profile of the 40mm ammunition contracts, but earnings growth anticipated in Countermeasures and Sensors offsets a fall in Energetics. The operational excellence programme targets a 300bp improvement on existing product lines by 2022.Chemring Group has three operating segments: Countermeasures, which develops and manufactures expendable countermeasures for air, sea and land platforms, and land-based electronic warfare equipment; Sensors, which develops and manufactures improvised explosive device (IED) detection equipment, chemical and biological threat detection equipment, IED electronic countermeasures, network protection technologies and explosive ordnance disposal equipment; and Energetics, which develops, procures and manufactures signals and illumination devices and payloads, cartridge/propellant actuated devices, pyrotechnic devices, missile and ammunition components, actuators and energetic materials.
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