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Chemring is placed among defence elite
5:30pm Wednesday 19th September 2012 in Hampshire Business
A HAMPSHIRE firm has been named in a list of the top ten fastest growing aerospace and defence companies in the world.
Chemring, headquartered in Fareham , was ninth in Pricewater-houseCoopers’ (PwC) rankings.
Rolls-Royce is the highest placed UK firm in the list of the most successful businesses in the industry, while Boeing retained the number one spot.
Aircraft engine manufacturers have seen a 6.6 per cent growth in year-on-year revenue, with Rolls-Royce enjoying a 9.8 per cent increase.
Neil Hampson , of PwC, said: “The industry is undergoing one of the most rapidly evolving periods in its history.
Factors such as technology, innovation, globalisation and programme management will undoubtedly be key markers for a company’s success.
“But we are also in the midst of one of the most challenging economic climates. This is inevitably placing pressure on businesses, especially those in the defence sector.”