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BAE Systems maintains 2015 outlook

Thu, 07th May 2015 06:20

LONDON, May 7 (Reuters) - BAE Systems, the world'sthird-largest defence contractor by revenue, stood by itsforecast for marginally higher earnings this year, and addedthat its performance would be biased to the second-half period.

The company said that excluding the impact of currency movesit was maintaining a forecast given in February for earnings pershare to be marginally higher this year than last, guidancewhich partly relies on anticipated new orders for navalequipment and aircraft.

BAE, which helps build the Eurofighter Typhoon jet, suppliesthe Royal Navy with ships and produces combat vehicles for theU.S. Army, also said on Thursday that it continued to make goodprogress on new business and developing new technologies. (Reporting by Sarah Young; Editing by Li-mei Hoang)