Chemring backs annual outlook as half-year profit jumps on new orders

(Reuters) - British defence contractor Chemring Group on Wednesday stood by its annual targets and posted a jump in half-year profit, as it won new orders from the United States despite the coronavirus crisis.Chemring said its order book was strong and about 95% of the expected revenue for the second-half of the year has been delivered to date, after its underlying profit before tax rose to 24.2 million pounds in the six months to April 30, from 9.9 million pounds a year earlier."H1 performance..