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ME Group International reported strong trading for the six months ended 30 April in an update on Monday, with a 4. 6% increase in revenue, or 8. 6% excluding foreign exchange, and a 10. 3% rise in profit before tax, or 13. 6% notwithstanding currency effects, compared to the same period last year.
Chemring said it had signed a 15-year deal partnering deal with US defence firm Northrop Grumman for the supply of HMX energetic material used in its missile programmes along with an order for the product worth $83m as demand for military weapons increased globally.
