Chemring Group (CHG): UK Government order placement delays

This situation live

£1,460m · 539.5p · −1% since the first step

10 Nov 2025 · Delays continuing; S&I cover c.47% for FY26 · −11% until the next step however the rate of UK Government short-term order placement continues to be slower than usual.

Upgrade / downgrade cycle

UK Government order placement delays

Near-term disruption continues; DIP awaited

Next: Defence Investment Plan publication

Every step · 4

10 Nov 2025 Delays continuing; S&I cover c.47% for FY26 – however the rate of UK Government short-term order placement continues to be slower than usual. ↗
9 Dec 2025 Delays continue; S&I revenue down 18% – Momentum in Countermeasures & Energetics continued during the year, partially offset by short-term softness in Sensors & Information due to delays in UK... ↗
20 Feb 2026 Still disrupted; intake slightly improved recently – Whilst there continues to be disruption in the UK market due to the delayed publication of the UK's Defence Investment Plan, order intake has slightly... ↗
2 Jun 2026 Near-term disruption continues; DIP awaited – the publication of the UK's Defence Investment Plan ("DIP") is expected to support a return to more normal levels of UK Government order placement ↗

What is happening

Chemring Group: UK Government order placement delays – Near-term disruption continues; DIP awaited. ['Near-term disruption continues; DIP awaited']

Announced: 10 Nov 2025 · Delays continuing; S&I cover c.47% for FY26
Latest: 2 Jun 2026 · Near-term disruption continues; DIP awaited
What it changes: Guidance is unchanged with a record order book and 91% FY26 cover, but net debt of £144.5m, weak cash conversion and lower H1 profit leave delivery weighted to H2.

Defence Investment Plan publication.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

From the company's own announcements. Not investment advice.

Also at Chemring Group 2 open