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Alan Wilson
These numbers are included in the company’s financial statements for 2024. Its annual revenue increased by 14% to £26.3bn ($33.2bn), and operating profit grew by 4% to £2.7bn ($3.4bn).
After this weekend's Munich Security Conference, it became evident that European nations are expected to increase their investments in security. Stocks of European defense firms increased by 7-19% on Monday. BAE Systems' stock had risen by 7.5% at that time.
Subsequently, the company’s CEO Charles Woodburn expressed his belief that a "paradigm shift" in European security will result in a notable rise in defense expenditures. He stated that BAE Systems was prepared to enhance its own capabilities and was “waiting for some clarity” regarding medium- to long-term strategies for boosting military expenditure by European nations.
source: ft.com
After this weekend's Munich Security Conference, it became evident that European nations are expected to increase their investments in security. Stocks of European defense firms increased by 7-19% on Monday. BAE Systems' stock had risen by 7.5% at that time.
Subsequently, the company’s CEO Charles Woodburn expressed his belief that a "paradigm shift" in European security will result in a notable rise in defense expenditures. He stated that BAE Systems was prepared to enhance its own capabilities and was “waiting for some clarity” regarding medium- to long-term strategies for boosting military expenditure by European nations.
source: ft.com
