Contracting Highlights
BAE’s revenue jumped 14% to 28.3 billion pounds Last year, BAE’s revenue jumped 14% to 28.3 billion pounds, while its backlog advanced 11% to a record 78 billion pounds and its underlying earnings before interest and taxes rose 14% to a record total of over 3 billion pounds.
BAE SYSTEMS IS POISED TO GET A SIZEABLE LIFT FROM EUROPE By Larry Ramer The large European business of UK-based defense contractor BAE Systems (BAESY) looks poised to strengthen a great deal going forward, while the company has a very large order backlog and its valuation is quite low. Also importantly, the company reported strong financial results for 2024. On the other hand, a sizable portion of the company’s U.S. business, which accounts for nearly 50% of its revenue could be negatively affected by the upcoming budget cuts. But the firm does have significant exposure to areas in which the White House is looking to invest more funds. In light of all of these points, investors looking for exposure to a large European-based defense company should consider buying BAE Systems’ shares.
40 MARCH 2025 | NATSEC@WORK Powererd by ClearanceJobs
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