BAE Systems’ earnings jump after streamlining operations
The company has been affected by a German ban on exporting arms to Saudi Arabia imposed after the killing of Saudi journalist Jamal Khashoggi
31 July 2019 - 17:15
London — BAE Systems, Britain's biggest defence company, said on Wednesday operational improvements in its first half drove a 9% rise in core earnings to £999m, underpinning its guidance for the full year.
The maker of Typhoon fighters, combat vehicles and Astute Class nuclear-powered fleet submarines stuck to its full-year earnings per share forecast, based on a $1.30/£ exchange rate, as the better operational performance helped offset restructuring charges. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.