BAE Systems reports record orders as European defence spending rises
British arms maker’s 2024 profits top £3bn and it expects sales of more than £30bn next yearBritain’s biggest weapons manufacturer BAE Systems has reported record orders as the European defence industry gears up for increased spending sparked by the Ukraine war.The company, a member of the FTSE 100 share index, said that it expected sales next year to top £30bn, as it reported annual profits before interest and tax of more than £3bn for the first time in 2024. Continue reading...
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British arms maker’s 2024 profits top £3bn and it expects sales of more than £30bn next year
Britain’s biggest weapons manufacturer BAE Systems has reported record orders as the European defence industry gears up for increased spending sparked by the Ukraine war.
The company, a member of the FTSE 100 share index, said that it expected sales next year to top £30bn, as it reported annual profits before interest and tax of more than £3bn for the first time in 2024.
Continue reading...
