BAE Systems reflects on 'strong operational performance'

The company,  which has a joint venture at Hadley Castle Works in Telford, known as Rheinmetall BAE Systems Land,  expects sales to be up 12-14 per cent on last year. 

The firm added that a solid order intake has been sustained, with about £25 billion booked year-to-date

Integration of  its Space & Mission Systems (SMS) business is progressing as planned with sales accelerating in the second half of the year at Group accretive margins.

Charles Woodburn, BAE Systems Chief Executive, said: "Our operational and financial performance so far in 2024 reaffirms our confidence in achieving the upgraded full year guidance we issued at the half year.

"Focusing on operational excellence, contracting discipline and growing our workforce is enabling us to consistently deliver critical capabilities and technologies for our customers worldwide.

"At the same time, we continue to invest in our business for the long term, which together with our broad geographic and domain diversity, positions us well for continued growth in the years ahead."