Chemring has appointed a chairman as it cashes in on increased military spending in the West.
The FTSE 250 explosives maker said Tony Wood will join the board in October and take over as chairman in December.
Wood succeeds Carl-Peter Forster who is retiring after more than eight years in the job.
Wood was chief executive of components giant Meggitt from 2018 to 2022 having spent 15 years at Rolls-Royce where he served as president of aerospace.
On target: FTSE 250 explosives maker Chemring said Tony Wood will join the board in October and take over as chairman in December
He sits on the board of Airbus and National Grid.
Chemring chief executive Michael Ord said Wood’s ‘knowledge and understanding of the defence and aerospace sector will be invaluable’ in the coming years.
Earlier this month, Ord said the threat of global conflict will lead to a decade of rearmament in the West.
Chemring said the value of orders on its books jumped 39 per cent in the first half, to a record £1.04billion.
Shares rose 1.6 per cent yesterday.
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