Chemring sees trading rise

Military-goods maker Chemring said yesterday trade in the first four months of its fiscal year was five per cent up on the same period a year ago, despite deliveries being hit by extreme winter weather. Chemring, whose countermeasures products help fighter planes avoid missile attacks, said adverse weather conditions in the first few weeks of 2010 disrupted production in most of its US and UK subsidiaries, which affected deliveries in January and February. "The group’s order book has increased to a new record of £653m, 17 per cent higher than at this time last year," the company said.