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BAE Systems hoping for second half recovery

BAE Systems hoping for second half recovery

We last heard from BAE Systems (BA.) at the end of June, when the defence engineering giant guided that revenue for the first six months of 2020 would be stable year-on-year, but profits would come in 15 per cent lower. This is down to the Covid-19 pandemic disrupting cost recoveries in the second quarter as well as reduced sales of its higher margin commercial equipment.

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