Chemring CEO Says Munitions May Suffer, Other Units 'Robust'

22nd Jun 2010 08:19

By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Chemring Group PLC's (CHG.LN) chief executive Tuesday said the U.K. missile-defense company's munitions business is likely to suffer as governments curb spending to reduce budget deficits. However, David Price told Dow Jones Newswires in an interview that the pyrotechnics and explosive ordnance disposal businesses would be "quite robust" due to military training and to government commitments to maintain activities in Afghanistan. He expects the company to have a good second half. -By Jonathan Buck, Dow Jones Newswires; +44 (0)207 842 9237; [email protected] (END) Dow Jones Newswires June 22, 2010 03:19 ET (07:19 GMT)