Apologies for longwinded post.



This company does not seem to be on any thread on this board, but I think worth a look.



ALTHOUGH INVOLVED IN ARMS THE PRODUCTS ARE FOR DEFENCE PURPOSES such as decoys

I have bought and sold shares in this company a few times since November 05.

Its rate of growth have be tremendous as has the share price. Approximate rate of growth for last year was 90% p.a.

I paid it another visit after reading the Times article and followed it initially with view to buy as shares bets or shares. The spread is a bit wide and unsuitable for SBs about 0.7%, but as a long term hold may be useful. BUT DO YOUR OWN HOMEWORK.

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AFX News Feed

CHEMRING 25/4/07

LONDON (Thomson Financial) - Chemring Group PLC said first-half trading was in line with its expectations, adding that full-year prospects are good as its order book continues to grow. The military manufacturer said the first month performance of Italian munitions firm Simmel Difesa SpA, which it acquired on March 30, has been encouraging. Chemring added Simmel's acquisition for 49 mln stg is expected to be accretive to its earnings in the first full financial year post-completion. First-half results are expected to be announced on June 26, Chemring said. TFN.newsdesk@thomson.com ukn/ic COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

Friday, 30/03/07, 16:01


LONDON (AFX) - Military manufacturer Chemring has acquired the entire issued shares of Italian munitions specialist Simmel Difesa SpA for 77 mln eur, as part of its ongoing strategy of expanding its presence in the munition and explosive ordnance disposal markets.
The acquisition was funded by the issue of 373,551 new Chemring shares, and a cash payment of 67 mln eur funded by new bank facilities. newsdesk@afxnews.com bsd/nes COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited

22/03/07, 14:58
LONDON (AFX) - Military manufacturer Chemring has acquired the entire issued shares of Italian munitions specialist Simmel Difesa SpA for 77 mln eur, as part of its ongoing strategy of expanding its presence in the munition and explosive ordnance disposal markets.
The acquisition was funded by the issue of 373,551 new Chemring shares, and a cash payment of 67 mln eur funded by new bank facilities. newsdesk@afxnews.com bsd/nes COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited



From The Times
February 16, 2007
US defence giants hunt British takeover targets
Boeing and Lockheed Martin are eyeing British defence companies worth more than 5 billion
David Robertson, Business Correspondent
Boeing and Lockheed Martin are eyeing British defence companies worth more than 5 billion in an attempt to win orders from the Ministry of Defence, The Times has learnt.
The American defence giants are understood already to have independently approached, and been rebuffed by, Ultra Electronics, the 800 million battlefield-IT specialist.
They are also thought to be weighing potential bids for Cobham, Meggitt and Chemring.
The interest being shown by the Americans has put British defence companies on a collision course with the Government over the industrys future.
BACKGROUND
Airbus weighs up factory spin-offs in restructuring
Cargo carrier struggles to stay airborne
Industrialists, including Sir John Rose, chief executive of Rolls-Royce, and Allan Cook, chief executive of Cobham, are concerned that UK plc is being sold off to foreigners.
The crisis of ownership is being particularly felt in the defence sector after the introduction last year of the Governments Defence Industrial Strategy (DIS), which sets out the future for the military-in-dustrial complex in Britain.
Lord Drayson, the Defence Procurement Minister, believes that who owns a defence contractor is less important than where it is based. The DIS states that, as long as the scientists, engineers and technicians that build and maintain Britains military infrastructure remain in the country, it matters less where their employer is from.
American companies wanting to win Ministry of Defence (MoD) orders are therefore having do so through a UK subsidiary.
Both Boeing and Lockheed Martin have set up UK operations and are expanding these organically but they are also looking for acquisitions.
Lockheed Martin, which had operating profits of $4 billion (2 billion) last year, said: We are a growing company and an ambitious company and we will look to move in the direction of acquisitions if it is appropriate to do so.
Boeing, which had profits of $3 billion last year, said: We are mindful of the DIS and the need to keep intellectual property in the UK but we need the capability to do so. We are looking at the option of acquisitions. Last week Sir John Rose gave warning that UK plc was under threat from foreign companies using the country as an aircraft carrier and raiding profits without investing in the future.
Allan Cook, chief executive of Cobham, told The Timesyesterday: This is about national defence and it does matter where the shareholders are.
We have to maintain core skills in aerospace and defence.
The American invasion has already begun with GEs acquisition of Smiths Industries aerospace division last month. Analysts have been speculating for some time that Cobham, Meggitt, Ultra and Chemring could be the next targets.
None of these companies was willing to comment.

Barclays Capital today upgrades its investment rating on Chemring Group PLC (LON:CHG) to overweight (from equal weight) and raised its price target to 266p (from 205p).

(Reuters) - An explosion at a military hardware factory near Salisbury, Wiltshire has left one person dead on Friday, British defence equipment maker Chemring Group Plc (CHG.L) said.

The explosion at the Chemring Countermeasures factory of the British contractor also injured another person who was taken to a hospital, the company said in a tweet.

The site was evacuated and the incident was brought under control, the company said, adding that the defence equipment maker has launched an investigation into the cause of the incident which occurred on Friday evening.

British media had earlier reported on the explosion citing the Wiltshire Police.

“We have two casualties that have been identified. One of them sadly died at the scene and the other has been taken to hospital in a critical condition,” a representative of the Wiltshire Police was quoted as saying by the BBC.

INCIDENT AT CHEMRING COUNTERMEASURES
Chemring Group PLC ("Chemring" or "the Group") confirms that at approximately 5pm on Friday 10th August, an incident occurred in a flare manufacturing building at the Chemring Countermeasures ("CCM") facility, near Salisbury.

Tragically, one employee was fatally injured and another employee was badly injured and is currently receiving treatment in hospital. The emergency services attended the scene and the incident was quickly brought under control.

A full and immediate investigation into the cause of the incident has been launched in co-operation with the local regulatory authorities.

The incident caused damage to parts of CCM's manufacturing operations. Production at the site is currently suspended and a detailed analysis of the possible impact of the incident on the Group's financial prospects has begun.

The impact on our 2018 and 2019 financial years cannot be accurately quantified at this stage as it will be dependent on insurance recoveries, the timeline for the investigation to be completed and the site to re-open, remediation work to be completed and at what rate production resumes.

CCM's deliveries to customers in the final quarter of the financial year ending 31 October 2018 were previously expected to be £25m and to generate a contribution of £15m and the Group's FY18 underlying operating profit is now likely to be approximately £10m - £20m lower than previous expectations, with a corresponding impact on the Group's operating cash flow and net debt.

A further update will be provided when the Group publishes its next trading statement, which is expected on 4 September 2018.

StockMarketWire.com
Defence contractor Chemring Group said Tuesday that it expects underlying profit at the middle of the range provided in August after production was halted at its UK Chemring countermeasures site following an incident.

'The impact on the group's underlying operating profit in the current financial year is likely to be around the middle of the range of £10m to £20m,' the company said.

This comes on the back of a profit warning issued in August after an employee was fatally injured and another employee was badly injured on Aug. 10 in an incident at a flare manufacturing building at the Chemring countermeasures facility.

With the exception of the impact of the Chemring countermeasures (CCM) incident, trading across the Group remained in line with the board's expectations for the four month period from 1 May to 31 August 2018, Chemring said.

The company also confirmed that it was working with regulatory bodies on the UK Chemring countermeasures site restart plan, which would involve completing the shipment of finished goods inventory and initiating a phased restart of non-MTV product lines.

The impact on the 2019 financial year would depend on the site restart plan, as agreed with the regulatory bodies, and expected production rates, the company added.

The company said it was engaging with insurance, but it was 'too early' to assess the amount of any claim or the likely timing of any payments.

StockMarketWire.com
Chemring said Wednesday its US based subsidiary, Chemring Sensors and Electronic Systems, had been down selected as one of the suppliers on the first stream of the Next Generation Chemical Detector.

Next Generation Chemical Detector, or NGCD1, now known as the Aerosol & Vapour Chemical Agent Detector (AVCAD), is the long-term Program of Record for the US Department of Defense to detect traditional and advanced threat vapours, and liquid and solid aerosols.

The resultant contract award, which is expected to be received in the coming months, is expected to take the form of an indefinite delivery, indefinite quantity (IDIQ) contract and would be for the Engineering and Manufacturing Development of the program, the company said.

It would also include options to deliver varying quantities of hardware under Low Rate Initial Production and Full Rate Production phases of the program, the company added.

'As the largest stream under the NGCD Program of Record, the AVCAD award decision is a significant development for Chemring and is the culmination of a number of years of research and development activity,' said Michael Ord, Group Chief Executive of Chemring.

Peel Hunt today reaffirms its add investment rating on Chemring Group PLC (LON:CHG) and set its price target at 240p.

POST YEAR-END STATEMENT
Chemring Group PLC ("Chemring" or "the Group") today provides a post year-end statement in respect of the year ended 31 October 2018 ("FY18").

Key Points
· Underlying trading for FY18 was in line with expectations

· FY18 year-end net debt was £82m

· Significant progress in Sensors, with positions now secured on all targeted Programs of Record. Countermeasures market continues to recover, primarily driven by the US

· Strategic decision to exit from commoditised Energetics businesses and treat as discontinued activities

· FY18 year-end order book was £462m, of which £68m relate to discontinued activities

· Non-underlying items, primarily non-cash, of c.£130m to be included in FY18 results (FY17: £29m)

Michael Ord, Chief Executive, commented:
"We finished the year in line with our expectations for underlying trading and net debt with progress in all businesses and the recovery in the UK Countermeasures business well underway. We have taken two strategic decisions which are reflected in the full-year results. The decision to exit the commoditised Energetics businesses will simplify the Group and enable a greater focus on our growing and differentiated Sensors and Countermeasures positions, where we have recently made significant progress. We also took the decision to review a number of balance sheet items, which in light of the strategic review, are no longer considered fully recoverable. Together, these are necessary actions and part of us building a stronger business for the future. Further detail on my views of the Group and its future direction will be provided in January."