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BAE Systems trading in line so far this year

Published 04/05/2023, 08:52
BAE Systems trading in line so far this year
BAES
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BAESY
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Sharecast - In an update ahead of its annual meeting, the defence contractor maintained its full-year guidance for 3% to 5% growth in sales, 4% to 6% growth in underlying EBIT and 5% to 7% growth in underlying earnings per share versus 2022. The company also continues to expect free cash flow of more than £1.2bn.

Chief executive Charles Woodburn said: "Order flow on new programmes, renewals and progress on our opportunity pipeline remains strong. In particular, the AUKUS announcement in March is significant for the company in the medium and long-term and we look forward to supporting our customers in this far-reaching programme.

"In the current elevated global threat environment, we're continuing to deliver on mission critical requirements to our customers, and our global presence and diverse portfolio of products and services provide a high visibility for top line growth, margin expansion and cash generation in the coming years."

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