BAE sees earnings growth as wars boost arms spending

(Sharecast News) - UK weapons maker BAE Systems reiterated annual guidance of 9% - 11% earnings growth as regional wars continued to boost its order book.

"Around the world, security threats continue to grow, leading governments to increase defence spending," the company said in a trading statement.

"We expect significant opportunities across our business, including space systems, missile and air defence systems, drones and counter drone technology, electronic warfare, combat aircraft, combat vehicles, frigates and submarines, among other customer priorities."

BAE expects sales growth of 7% - 9% on 2025's £30.7bn and underlying operating profit growth of 9% - 11% on the £3.3bn reported last year.

Reporting by Frank Prenesti for Sharecast.com

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