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BAE Systems trumps cash-flow expectations

The defence giant has agreed a new pension deficit recovery plan
BAE Systems trumps cash-flow expectations

BAE Systems (BA.) beat consensus forecasts for 2019 full-year free cash-flow generation, while boosting underlying cash profits by 10 per cent to £2.21bn, as performance metrics over the second half strengthened due to an increase in vehicle production deliveries and improved operational efficiencies.

IC TIP: Hold at 655p

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