BAE Systems sees a £10 billion rise in orders as global conflict continues
BAE Systems has reported a £10bn rise in orders since the end of June. The defence giant, which has bases across the UK, said in its latest trading update it is on track for a double-digit jump in annual earnings as countries increase military spending amid the conflict in Gaza and Russia’s war in Ukraine.
The group, upped its earnings guidance in August after orders soared following Russia’s invasion of Ukraine last year, forecasting earnings per share would grow by 10% to 12% in 2023 and that sales would rise by between 5% and 7%. See: BAE Systems sees a £10 billion rise in orders as global conflict continues – Business Live (business-live.co.uk)