BAE Systems also said it has picked out cybersecurity “as a key focus area for business growth”, and said it is seeing an “increase in demand driven by persistent global security challenges”.
A global ramp-up in military spending amid wars in Ukraine and Gaza helped push weapons manufacturer BAE Systems make a record profit of just over £3 billion last year.
The company said it secured £33.7 billion of orders last year, taking its backlog to a new record high, amid more demand for its combat vehicles, and improvements to fighter jets and submarine technology.
Europe’s largest defence contractor said earnings surged by one-sixth compared to 2024, buoyed by “growing threats” to security around the world.
Sales in the UK rose by 12% year-on-year to £7.4 billion, while the US, its biggest market geographically, it saw sales surge by 17% to £12.5 billion.
