Chemring Group PLC

Chemring Group PLC Overview

1.1.1 Company Overview

Company Headquarters: Romsey, UK

Founded: 1905

Workforce: ~2,500

Company Working: Chemring Group PLC specializes in the development of high technology products. It operates in three strategic product segments—countermeasures, sensors and energetic. It delivers high-reliability solutions to protect people, platforms, missions, and information against constantly changing threats. Through its sensors segment, it develops, manufactures, and sells IED detection equipment; chemical and biological threat detection equipment; IED electronic countermeasures; network protection technologies; and explosive ordnance disposal equipment. It has production facilities in seven countries, and meets specific customer requirements in defense and security markets in more than sixty countries worldwide.

Strategy

Chemring Group PLC is leveraging its business opportunities in Asia-Pacific. It is also engaged in the development of innovative products on the handheld counter IED front to increase its global market share. It is also focused on strategic acquisitions and partnerships with other players in the value chain to offer combined services.

Company Snapshot

$559.7M

Revenue

2,500

Employees

1905

Founded

Romsey, UK

Headquarters

SWOT Analysis

Strengths

Global presence
Significant industry experience
Large workforce
Increasing investments in R&D

Weaknesses

Dependence on few suppliers
Dependence on a limited number of suppliers
Fluctuations in financial performance

Opportunities

High rise in the demand for technological products in defense sector
Expansions in emerging markets such as the Asia-Pacific due to a rise in terrorist activities

Threats

Economic fluctuations and currency devaluations
Economic fluctuations and currency devaluation

Product Offering

Chemring Group PLC
- Groundshark
- GroundHunter Wand
- GroundHunter Advanced Wire Detector (AWD)
- GroundHunter Multi-Head Detector System (MHDS)

Financial Performance

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