Chemring announces CEO retirement and successor
Michael Ord will retire in 2027, succeeded by Tom Newman from Babcock in January 2027.
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Defense sensors, countermeasures, and energetics manufacturer
chemring.comLast updated
In short: Chemring secured major U.S. defense contracts totaling over $345 million and reported a record order book despite a decline in profit.
Michael Ord will retire in 2027, succeeded by Tom Newman from Babcock in January 2027.
The contracts are for pyrophoric airborne decoys, resuming manufacturing at Alloy Surfaces, with deliveries starting in FY28.
Performance was in line with Board expectations for the period.
Sarah Ellard will retire in 2027 after 33 years with the company. A search for her successor has begun.
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