Chemring Group PLC·Industrials

UK defence stocks could regain momentum once the long-delayed Defence Investment Plan is finally published, according to Jefferies, which said the sector still offers some of the strongest long-term growth prospects in the London market. The US bank's defence and aerospace team said the absence of the government's defence spending roadmap had weighed on sentiment for more than six months, alongside political uncertainty and higher borrowing costs.

Chemring Group PLC (OTCMKTS:CMGMF - Get Free Report)'s share price traded up 0.4% during trading on Thursday. The stock traded as high as C$7.55 and last traded at C$7.25. 915 shares were traded during trading, a decline of 85% from the average session volume of 6,013 shares. The stock had previously closed at C$7.22.
Chemring Group PLC supplies countermeasures, sensors, and energetic solutions to aerospace, defense, and security industries in the United States, the United Kingdom, Norway, Australia, and internationally. The company operates through two segments, Sensors & Information and Countermeasures & Energetics. The Sensors & Information segment develops and manufactures explosive hazard detection equipment; chemical and biological threat detection equipment; and electronic countermeasures, as well as network protection technologies. The Countermeasures & Energetics segment offers expendable countermeasures for air, sea, and land platforms; cartridge/propellant actuated devices; pyrotechnic devices for satellite launch and deployment; missile components; separation sub-systems; actuators; and energetic materials, as well as aircrew egress and safety systems. Chemring Group PLC was incorporated in 1905 and is headquartered in Romsey, the United Kingdom.
Industrials
Aerospace & Defense
2,672
2010-04-05
0.82