LONDON, Nov 12 (Reuters) - British defence company BAESystems plc warned on Thursday it would see no growthin earnings in 2015 after it reduced the rate of production ofTyphoon aircraft.
The company said that including a benefit of 2 pence fromtax provisions, it expected underlying earnings per sharefor 2015 of around 38 pence.
BAE said in February that for 2015 it expected underlyingearnings per share to be marginally higher than the 38 pence pershare it made in 2014, a forecast that was partly dependent onnew orders in the shape of more Eurofighter Typhoons for SaudiArabia and work for its shipyards in Australia.
The company said that overall it expected good sales growthin 2015 and a robust order backlog at the half year of 37.3billion pounds underpinned its confidence in its prospects. (Reporting by Paul Sandle; editing by Sarah Young)