Chemring down as quarterly order intake drops, flags slower market

Chemring

20/02/2026 08:47

** Shares of global aerospace and defence products maker Chemring CHG.L down 5.2% at 495p

** Top pct loser on FTSE midcaps .FTMC

** Q1 order intake was 122 million pounds ($164.10 million), compared with 393 million pounds a year earlier

** Co notes continued disruption in the UK market, citing delays in the publication of UK's Defence Investment Plan

** Co says slightly slower-than-expected start to year due to operational disruption in countermeasures production, an issue co says is largely resolved

** Co says it will take a non‑cash impairment charge to retire legacy ops in Kilgore Flares facility in Tennessee

** So far in 2026, CHG has gained ~7%

($1 = 0.7434 pounds)

 (Reporting by Neeshita Beura in Bengaluru)

 ((Neeshita.Beura@thomsonreuters.com))