Defence Firm Reports Sharp Rise in Interim Profits

Defence firm reports sharp rise in interim profits

Chemring Group saw profit before tax climb 74 per cent to £26.5 million for the six months to April 30, up from £15.2 million last year.

Chemring Group PLC (CHG.L): An In-Depth Look at the Defence Specialist's Market Position and Future Prospects

Chemring Group PLC (CHG.L), a veteran player in the Aerospace and Defence sector, stands out as a compelling consideration for investors with a focus on industrials. Headquartered in Romsey, United Kingdom, Chemring operates on a global scale, providing critical countermeasures, sensors, information, and energetic products. The company’s market capitalisation currently rests at a formidable $1.4 billion, reflecting its substantial presence in th…

Victorian govt mulls defence tech shift for VC fund

Breakthrough Victoria could be retooled to help grow local defence industry under changes being considered to better align the government-backed venture capital fund with the state’s economic priorities. As questions swirl over the exact funding envelope for the fund to 2035, discussions are underway over whether a sixth investment priority should be added to Breakthrough Victoria’s remit. Since it was established in 2021, Breakthrough Victoria …

Defence specialist secures funding boost

A defence manufacturer is set to boost its international reach following a significant multi-million-pound funding package. Coventry’s NP Aerospace, a specialist in military armour and vehicle support, has secured funding from NatWest to expand its export operations.  The package includes a Trade Finance Facility backed by UK Export Finance and capital investment…

NP Aerospace secures multi-million-pound funding from NatWest to power global expansion

Coventry-based defence manufacturer NP Aerospace has secured a multi-million-pound funding package from NatWest, designed to support the company’s international growth and boost its exporting capacity. The finance deal includes a UK Export Finance-backed Trade Finance Facility, as well as capital investment support from Lombard, and is expected to create new jobs as the company scales operations. NatWest and Lombard have worked closely with NP A…