13th Aug 2018 07:21
LONDON (Alliance News) - Chemring Group PLC on Monday confirmed that one employee died and another was hurt in accident at its site near Salisbury on Friday.
The military equipment company said the worker was killed, and another "badly" injured, at its flare manufacturing building on its Chemring Countermeasures facility.
The incident, Chemring continued, damaged some equipment, and production is now temporarily halted.
Chemring has started an investigation into the accident, as well as the potential financial ramifications.
It did say, however, that underlying operating profit for its financial year ending October is likely to be around GBP10 million to GBP20 million lower than previously expected as a result of the accident.
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