Sales rise for military equipment maker

Military equipment maker Chemring said sales rose a third in the three months to August, helped by the recent acquisition of U.S. defence firm General Dynamics' detection systems operations.

In April Chemring agreed to buy General Dynamics' detection unit - a business that supplies the U.S. military with devices for detecting chemical and biological threats - for $90 million.

"The board is extremely pleased with the positive contribution that this newly acquired business is making to the group," Chemring said in a statement. "The group's order book is currently 996 million pounds, which is 43 percent higher than at this time last year ... and, accordingly, the board continues to believe that the prospects for the Group for the 2012 financial year are good."