Chemring Group
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| Chemring Group | |
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| Type | Public (LSE: CHG) |
| Founded | 1905 |
| Headquarters | Fareham, UK |
| Key people | Kenneth Scobie, Chairman David Price, CEO |
| Industry | Defence |
| Revenue | £126.5 million (2007) |
| Operating income | £57.8 million (2007) |
| Net income | £32.0 million (2007) |
| 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 the largest such business in the world.[1] It is a constituent of the FTSE 250 Index.
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[edit] History
The business was formed as The British, Foreign & Colonial Automatic Light Aircraft Company Limited in 1905 to make timers for gas street lighting. In the 1950's the company diversified into silver coated filaments for lighting. It was subsequently established that such filaments had an alterntive use as chaff for radar decoy purposes. The company was first listed on the London Stock Exchange in 1974.
[edit] Structure
The Group is organised into two divisions:
- Countermeasures - expendable decoys
- Energetics - pyrotechnics
