- Bloomberg•2 hours ago
The head of BAE Systems Plc, Europe’s biggest defense contractor and a partner on the F-35 fighter jet, has contradicted claims by President Donald Trump that he was responsible for lopping $728 million ...
BAE Systems, the world's third-largest defence contractor, said its earnings would rise 5 to 10 percent this year, boosted by an increase in U.S. military spending and a ramp-up in programmes such as the F-35 combat aircraft. The company, which is building Britain's Dreadnaught-class submarine, also met expectations with a 7 percent rise in 2016 underlying earnings per share to 40.3 pence. Chief Executive Ian King, who will retire at the end of June, said an improved outlook for defence budgets left the group well placed to generate returns for shareholders.
The weapons manufacturer, and F35 partner, saw sales and earnings grow ahead of consensus
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BAE Systems plc (BAESY)
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|Day's Range||30.49 - 30.86|
|52 Week Range||24.52 - 31.10|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||20.92|
|Dividend & Yield||0.86 (2.81%)|
|1y Target Est||N/A|