Business overview
Two divisions: Countermeasures & Energetics (decoys, pyrotechnics, propellants, missile components) and Sensors & Information (including Roke, electronic warfare).
Watch: Valuation already high (rich P/E); dependence on the British political calendar (Defence Investment Plan) for the Sensors & Information division.
Valuation
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Update log
| Date | News | Impact |
|---|---|---|
| 7/19/2026 | H1 2026 Results: Revenue £237.3M (+7%), RECORD order backlog £1.4bn (+8%), 91% of FY2026 revenue already secured. | Strategy confirmed by the exceptional visibility of the backlog despite a slight decline in profit. |
| 7/19/2026 | Stock down 5% on earnings day despite record backlog - reaction to UK Defence Investment Plan delay. | Exogenous political risk, not fundamental |
| 7/19/2026 | Capex 2026 guidance 120-140M GBP, expansion into Norway/Scotland/Germany/Chicago. +100M GBP revenue and +30M GBP profit/year expected from 2028. | Directly confirms the energy bottleneck thesis. |
| 7/19/2026 | Net debt/EBITDA of 1.47x - significantly healthier than Olin (5.1x). | Solid balance sheet, key differentiator. |
| 7/1/2026 | The contract bolsters the subsidiary's position in the biological defense sector. | |
| 6/25/2026 | Investing.com France | |
| 6/23/2026 | Yahoo Finance | |
| 6/2/2026 | Investing.com France | |
| 6/2/2026 | Chemring Group H1 Earnings Call Highlights Yahoo Finance | Yahoo Finance |
| 5/26/2026 | Yahoo Finance | |
| 4/29/2026 | Yahoo Finance | |
| 4/2/2026 | Yahoo Finance | |
| 3/5/2026 | Yahoo Finance | |
| 2/20/2026 | Yahoo Finance | |
| 3/27/2024 | NATIONAL STOCK NUMBER 1377016707952ES SPOILER ACTUATOR RELOAD KIT | |
| 9/23/2023 | extraETF | |
| 2/1/2023 | DODIC: XW57 | |
| 9/29/2022 | NSN: 1377-01-425-0548ES INITIATOR, GAS-TO-GAS NSN: 1377-01-648-8442ES INITIATOR, .75 SEC TIME DELAY NSN: 1377-01-318-7696ES INITIATOR CARTRIDGE NSN: 1377-01-318-7697ES INITIATOR CARTRIDGE NSN: 1377-00-299-1212ES INITIATOR CARTRIDGE | |
| 9/27/2022 | 1377012717161ES INITIATOR, 1377012579467ES INITIATOR, 1377013462219ES INITIATOR, 1377013462220ES INITIATOR, 1377013462221ES INITIATOR, 1377012620521ES INITIATOR | |
| 6/11/2021 | HOLDER,FLSC ASSEMBLY|DROGUE PARACHUTE SEVERANCE SYSTEMA10,F15, AND F16 ACFT | |
| 8/29/2020 | Zonebourse |