- BAE Systems has raised its profit outlook to an increase for the full year in the range of 10% to 12%, slightly higher than the previous range of 9% to 11%, due to sustained increases in defence budgets around the world.
- The defence group reported a 9% year-on-year increase in sales during the first half of the year, totaling £15.8bn, with orders worth £16.4bn, up £3.2bn from the same period last year.
- Prime Minister Andy Burnham pledged ongoing investment in nuclear submarines, stating it will "protect Britain for decades to come" and support 47,000 jobs and apprentices.
BAE Systems has upgraded its profit forecast to a 10%-12% increase for the year, reflecting a 9% year-on-year sales rise to £15.8bn in the first half. The company recorded orders worth £16.4bn, up £3.2bn from last year, driven by global defense budget increases.
Prime Minister Andy Burnham announced a commitment to invest in nuclear submarines during his visit to BAE's Barrow-in-Furness base, stating that this investment will "protect Britain for decades to come". He emphasized that it will also support 47,000 jobs and apprentices in the sector.45
The defense sector's growth is attributed to rising global security concerns, prompting BAE Systems to adjust its profit outlook from a previous range of 9%-11%. The company’s performance reflects a broader trend in the industry, as nations prioritize defense spending amid geopolitical tensions.
As BAE Systems continues to adapt to these changes, its strategic investments in key areas like nuclear capabilities are expected to bolster its market position and contribute to long-term growth.
“BAE Systems reported a 9% year-on-year sales increase to £15.8bn in the first half of 2026, with orders rising to £16.4bn, up £3.2bn from last year. Prime Minister Andy Burnham emphasized that ongoing investment in nuclear submarines will support 47,000 jobs and protect Britain for decades.”
The Guardian
