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BAE Systems sees orders build as security threats multiply

Prospects have improved due to geopolitical instability
August 2, 2023
  • Group holds a record order backlog of £66.2bn
  • Increased activity in the Hägglunds and Ship Repair businesses

A quick review of analyst reaction suggests that half-year numbers from BAE Systems (BA.) are likely to generate upwards earnings revisions. The UK defence heavyweight registered significant sales growth across its various segments, along with an increased backlog of orders.

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