Chemring Group Plc (CHG.L) Friday said in its latest trading update that its fiscal 2026 outlook is in line with the Board's expectations, with the second half of the year expected to be slightly more heavily weighted than in the prior year.
On the LSE, CHG.L is down 5.1 percent on Friday's trading at 494.00 pence.
The aerospace and defense technology company said that its order book stood at 1.36 billion pounds, compared with 1.35 billion pounds last year. First-quarter order intake was 122 million pounds, lower than the 393 million pounds recorded in the same period a year ago, with orders received across both sectors.
Chemring said that 85 percent of the fiscal 2026 revenue is already covered by first-quarter revenues and the current order book, up from the 81 percent at the same point last year.
As previously announced, Fiona MacAulay, Senior Independent Director, will not be seeking re-election at the latest Annual General Meeting. The process to appoint a suitable replacement is ongoing, the company said in an official statement. .
Commenting on the developments, Michael Ord, Group Chief Executive, said, "Chemring is well positioned to benefit from rising defence spending across NATO and allied nations, evidenced by our record order book and a strong pipeline of opportunities, and we will continue to invest in our business to capture further growth. For FY26 our outlook is unchanged."
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.