Chemring Group

Chemring Group

Type	Public (LSE: CHG)
Industry	Defence
Founded	1905
Headquarters	Fareham, UK
Key people	Kenneth Scobie, Chairman David Price, CEO
Revenue	£597.1 million (2010)[1]
Operating income	£107.9 million (2010)[1]
Net income	£66.7 million (2010)[1]
Website	www.chemring.co.uk

Chemring Group (LSE: CHG) is a leading British-based producer of countermeasures for protecting air, sea and land-based platforms from threats. It is headquartered in Fareham and is a constituent of the FTSE 250 Index.

History

The business was formed as The British, Foreign & Colonial Automatic Light Company Limited in 1905 to make timers for gas street lighting.^[2] In the 1950s the company diversified into silver coated filaments for lighting.^[2] It was subsequently established that such filaments had an alternative use as chaff for radar decoy purposes.^[2] The company was first listed on the London Stock Exchange in 1974.^[2]

In 2007 the Company acquired Simmel Difesa, an ammunition supply business,^[3] as well as Richmond Electronics & Engineering, a business specialising in bomb disposal technology.^[4]

In 2008 it went on to buy Scot, a business making devices for aircraft emergency systems,^[5] and Martin Electronics, a manufacturer of ammunition and fuses.^[6]

In 2010 it purchased Roke Manor Research, a leading centre for advanced technology research and development based in Hampshire, UK from Siemens for £55m. ^[7]

Operations

The Group is organised into two divisions:

• Countermeasures - expendable decoys
• Energetics - pyrotechnics

The energetics operations of Chemring is one of the world leaders in pyrotechnics with sites in England, Germany, Spain and Australia. The product range includes smoke and flare units, battlefield simulation, minefield defence systems and demolition stores

External links

• Official site

References

1. ^ ^{a b c} Annual Report 2010
2. ^ ^{a b c d} Chemring: History
3. ^ Chemring buys Simmel Difesa for £52m Reuters, 30 March 2007
4. ^ Chemring buys bomb disposal company Richmond Reuters, 5 November 2007
5. ^ Chemring buys pyrotechnics specialist QCK, 27 May 2008
6. ^ Chemring buy Martin Electronics for $70m IB Times, 24 June 2008
7. ^ "defence.professionals". defpro.com. 2010-08-10. http://www.defpro.com/news/details/17478/. Retrieved 2011-04-08. 

External links

• Official site