20 April 2022 - trading update

The international aerospace and defence group has announced a positive trading statement for the first quarter of the year to 31 March with trading in line with expectations.  Demand across its core markets continues to improve and the group is managing its supply chain issues.  Group revenues have grown by 12% on a constant currency basis with civil aerospace seeing increased activity.  This is a reassuring statement and given the fact that the company turned down a bid at 200p per share last year the company needs to perform to justify that.  We believe that . . .

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