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BAE Systems set to march forward in 2021

The aerospace and defence company is guiding to an increase in revenue and profits this year
BAE Systems set to march forward in 2021
  • BAE is sitting on a backlog of £45bn-worth of orders
  • The group has now increased its annual dividend every year since 2003

With the impact of the Covid-19 pandemic weighted towards the first half of the year, BAE Systems (BA.) managed to keep its underlying operating profit steady in 2020, at £2.1bn. The aerospace and defence company saw disruption to supply chains and ship repair activities in its US platforms and services (P&S) business, but this was offset by strong performances in its air and maritime divisions.

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