Production delays hit Carlyle-target Chemring

Defence contractor Chemring has issued a profits warning, saying a computer glitch and production delays are likely to wipe 15m sterling off full year earnings as it consider a takeover offer from private equity giant Carlyle.

Defence contractor Chemring has issued a profits warning, saying a computer glitch and production delays are likely to wipe 15m sterling off full year earnings as it consider a takeover offer from private equity giant Carlyle.

A so-called Enterprise Resource Planning (ERP) system is one of the culprits, with errors having recently been discovered during an installation at Chemring's Florida subsidiary.

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