Highlights
· Group guidance confirmed in line with half-year upgrade
· Strong order intake maintained with c.£10bn booked since half-year
· Good operational performance and effective supply chain management
· Share buyback programme ongoing
Charles Woodburn, BAE Systems Chief Executive, said:
"Trading has been in line with the upgraded guidance we issued at the time of our 2023 half-year results. We are delivering another year of good sales and earnings growth, together with strong cash flow generation.
"Order flow on new and existing programmes, renewals on incumbent positions and progress with our opportunity pipeline remains strong. These underpin our confidence and visibility for good top line growth in the coming years, and we continue to reinforce our value compounding model with a sharp focus on operational performance and disciplined capital allocation."
https://www.investegate.co.uk/announcem ... nt/7876199
Also posted on Company News here; viewtopic.php?p=627034#p627034
BA. are a long term mainstay in my HYP, and I know others hereabouts hold them too, so this may be of interest here.
Ian.