Chemring Group PLC (LSE:CHG) will look for acquisitions. Michael Ord said during the presentation of the results for the half year to the 30th of April 2024, "The second imperative is to seek opportunities where we can to accelerate growth through bolt-on acquisitions to the group. As James has already mentioned, we will continue to focus our attentions on bolt-on acquisitions to grow Roke and our Chicago business in the U.S. space and missiles market.

And our third imperative is to protect and strengthen our sole source and market-leading positions with a rigorous focus on safety, operational excellence and the development of new products that meet our customers' ever-evolving critical needs. If we deliver these 3 imperatives, we will be our customers' preferred supplier across the niche sectors in which we operate. As I outlined earlier, our ambitious goal is to increase the group's annual revenues to circa GBP 1 billion by 2030.

This makes certain assumptions regarding growth rates, and it does include some bolt-on acquisitions".