Chemring Group backs annual outlook as half-year profit jumps

(Reuters) - British defence contractor Chemring Group on Wednesday stood by its annual targets and raised its dividend as it posted a jump in half-year profit, managing to win 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..