BAE Systems forecasts a 10-12% sales increase to £25.28bn in 2024, citing rising military spending due to geopolitical tensions.
BAE Systems predicts a 10-12% increase in sales for 2024, expecting sales to reach £25.28bn ($31.91bn) this year compared to £25.28bn ($31.91bn) reported for 2023. The U.K. defense-and-aerospace group attributes the anticipated growth to governments ramping up military spending amid escalating geopolitical tensions. BAE Systems reported a 9% increase in underlying earnings before tax and a 14% increase in underlying earnings per share for 2023.
February 20, 2024
13 Articles