Chemring trading holds up

18th Sep 2009 07:04

Weapons group Chemring said its outlook for 2009 remains in line with expectations as demand for its products from the US and UK armies staying strong.In the period from May 1 to date, revenues have totalled £143m compared with £102m over the same period the previous year.It was helped by orders for mine detection systems, used to detect improvised explosive devices, from the US army and strong demand for countermeasure products such as flares from the UK and other European countries. The group's order book is currently £574 million, which is 28% higher than at this time last year.Chemring said trading at Kilgore, which supplies flares, continues to be affected by delays in the placement of orders from the US air force.