Bae Earnings Leap 33% On Arms Spree

Summary


SUPPLYING the ever-busy US military helped BAE Systems record a leap in earnings of 33% to Pounds 1.207 billion last year as US action in Iraq and Afghanistan fuelled an unprecedented spending spree.

Electronics, intelligence and support businesses saw like-for- like sales grow by 6% while the group also achieved significant wins for its Common Missile Warning systems.

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Extract


Bae Earnings Leap 33% On Arms Spree

Following the successful integration of the former United Def...

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