Bae Enjoys 30pc Rise in Profits Despite Recession ; Aerospace

Summary


Defence group BAE Systems yesterday reported a 31 per cent rise in annual earnings and said it expected a "further year of good growth" in 2009.

BAE, which has benefited from an increase in military spending to support forces fighting overseas, said underlying earnings were pounds 1.9billion in 2008, up from pounds 1.45billion a year earlier.

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Bae Enjoys 30pc Rise in Profits Despite Recession ; Aerospace

The company's order book grew by 20 per cent to pounds 46.5billion, helped by a 15-yea...

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