Revenue is up by a third

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Whiteley-based defence and flare manufacturer Chemring has reported a 33 per cent increase in its revenues during the three months to the end of July.

It reported revenue of £164m, up a third from the same period in 2010.

The firm also says that if the dollar exchange rate had not been so unfavourable, its revenue growth would have been 37 per cent.

Compared to the same period in 2010, its revenues are up to £164m.

Revenues in the nine months to the end of July were up 30 per cent to £494m.

The firm says it remains confident that the outlook for the financial year to the end of October remains in line with its expectations, despite the impact of defence budget cuts at home and internationally.