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UK defence group BAE confident on 2024 forecasts and future growth

UK defence group BAE Systems is confident in meeting its annual guidance to grow earnings by 12% to 14% this year. The company highlights the potential for its order book to expand further in the future, driven by fighter jets, submarines, and weapons. BAE sees growth opportunities in the US market following the recent presidential election and expects higher defence spending in the UK, Europe, the Middle East, and Asia Pacific. The company has won contracts to supply artillery, Bradley fighting vehicles, and armoured vehicles.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14071563/UK-defence-group-BAE-confident-2024-forecasts-future-growth.html
Source Id: 8407366142

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