Shares in Chemring jumped on Tuesday as the defence and aerospace company held annual guidance after a jump in interim profits and record order book amid global geopolitical tensions.
RBC Capital Markets initiated coverage of SMID UK defence companies Cohort, Chemring and Qinetiq on Monday, with a preference for products over services.
Chemring said on Wednesday that its Roke business has won a "strategically important" UK Ministry of Defence missile defence contract valued at £251m over six years.
Defence technology group Chemring said on Wednesday that its FY25 trading performance looked set to be in line with expectations, with its order book significantly stronger year-to-date.