Chemring Group Plc, a U.K. supplier of defense systems for combat jets, said it’s working on a series of disposals this year as the company seeks to pare debt and prepare to boost investment in some units.
Chemring Group Plc , the U.K. maker of anti-missile gear for Lockheed Martin Corp.’s Joint Strike Fighter, is seeking joint ventures in the Middle East and Far East to tap demand for ammunition and detectors of roadside bombs.
Chemring Group Plc, a U.K. supplier of defense systems for combat jets, said it will sell units to improve its financial position after a series of profit-forecast revisions and weak sales. The stock rose the most in 15 months.
Toronto Mayor Rob Ford, who has admitted to using crack cocaine, allegedly offered C$5,000 ($4,682) and a car to a gang member for a video showing the mayor smoking the drug, according to court documents.
Chemring Group Plc, the target of a takeover approach by Carlyle Group LLP, said Mark Papworth will replace long-serving David Price as chief executive officer as negotiations with the private equity firm come to a head.