Defence giant expects good second half as demand stays high
BAe Systems expects to have a good second half to the year after delivering an increase in revenues despite the pandemic.
The aerospace group, which has major sites at Warton and Samlesbury, said it was able to build on a "strong position" at the start of the year to increase revenues by 5% to £9.87bn.
However its underlying EBITA - a measure of operating profitability - was down 10% at £895m in the six months to June.
BAe Systems' chief executive Charles Woodburn said: “Assuming no significant COVID-19 resurgence, we exp... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
