Record Order Book
The company achieved a record order book of GBP 1.3 billion, marking a 25% increase and the highest in its history.
Strong Performance in Countermeasures & Energetics
Revenue in the Countermeasures & Energetics segment grew by 20%, with operating profit soaring by 73% and margins increasing to 14.4%.
Robust Financial Metrics
Revenue increased by 5%, operating profit by 8%, and EPS by 3%. The group operating margin improved to 11.6% with strong cash conversion at 80%.
Strategic Expansion and Investment
GBP 46 million was invested in operations, primarily in Energetics expansion projects, supported by GBP 13 million in grant funding.
Defense Market Opportunities
Significant opportunities identified in electronic warfare and cybersecurity with a potential pipeline of more than GBP 300 million.
Positive Market Outlook
Global defense spending is expected to rise, with new U.K. and U.S. defense budgets creating opportunities for growth.