The defence giant said it expects earnings to rise by between 8 per cent and 10 per cent this year on sales up as much as 9 per cent.
Unveiling bumper profits and record orders of close to £78billion, BAE Systems chief executive Charles Woodburn said investors who shunned defence stocks in the name of ‘ESG’ causes have ‘swung back to a more sensible position’.
War profits: BAE Systems chief executive Charles Woodburn said investors who shunned defence stocks in the name of ‘ESG’ causes have ‘swung back to a more sensible position’.
The US President has demanded that other Nato countries spend 5 per cent of gross domestic product (GDP) on defence – which would more than double military spending in the UK and other European nations.
BAE shares edged up another 0.6 per cent, taking gains since the start of 2022 before the invasion of Ukraine to nearly 150 per cent.
