BAE Systems reports 9pc rise in H1 earnings

Madiha Shakeel July 31, 2019

LONDON: BAE Systems, Britain’s biggest defence company, said operational improvements in its first half drove a 9% rise in   core earnings to 999 million pounds ($1.21 billion), underpinning its guidance for the full year.

The maker of Typhoon fighters, combat vehicles and Astute Class nuclear-powered attack submarines, stuck to its full-year earnings per share forecast of 42.9 pence, assuming a $1.30 to sterling exchange rate, as the better operational performance helped offset restructuring charges.

Copyright Reuters, 2019

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