Chemring Group
CHG · Main Market · Industrial Goods and Services · mcap £1,460m · 539.5p 3 open situations →
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Project milestones
Norway second explosives facility
Feasibility study with Norwegian Government under way
Chemring Nobel is working with the Norwegian Government on a second explosives facility; phase two concept selection began in early 2026. This announcement confirms the feasibility study continues alongside Sætre capacity expansion. It also adds a new Chair, Geir Håøy, with Norwegian industrial and political experience, for the scale-up.
- Status
- Feasibility study with the Norwegian Government on a new production facility
- Related work
- Significantly expanding capacity at the Sætre site
- New Chair
- Geir Håøy, former Kongsberg Gruppen CEO, from 1 July 2026
- Next milestone
- No date stated
Next: Phase two concept selection and feasibility study outcome
- 30 Jun 2026 Feasibility study with Norwegian Government under way
- 20 Feb 2026 Phase two concept selection under way
Disposal of a part (break-up)
Alloy Surfaces strategic review
Review outcome: retained, restarting manufacturing
Next: updated guidance on financial profile at the year end; reclassify ASC as continuing
- 25 Jun 2026 Review outcome: retained, restarting manufacturing
- 2 Jun 2026 Discontinued; £8.1m H1 loss after tax
- 9 Dec 2025 Reported as discontinued operation
- 10 Nov 2025 Strategic options being assessed; reported as discontinued
Upgrade / downgrade cycle
UK Government order placement delays
Near-term disruption continues; DIP awaited
Next: Defence Investment Plan publication
- 2 Jun 2026 Near-term disruption continues; DIP awaited
- 20 Feb 2026 Still disrupted; intake slightly improved recently
- 9 Dec 2025 Delays continue; S&I revenue down 18%
- 10 Nov 2025 Delays continuing; S&I cover c.47% for FY26
Company filings. Not investment advice.