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Britain’s BAE Systems sees more Typhoon orders, reiterates outlook

British defence group BAE Systems said it was trading in line with its expectations, and it still expected to deliver a 5-10 percent rise in underlying earnings per share this year.

By: Reuters | London |
October 6, 2016 12:05:05 pm
typhoon jets, Britain, defence, BAE Systems, Typhoon, Typhoon fighter jets, news, latest news, world news, international news “Discussions with current and prospective operators of Typhoon aircraft continue to support group’s expectations for additional contract awards,” British defence group BAE Systems said. (source: AP)

British defence group BAE Systems said it expected more orders for its Typhoon fighter jets following talks with current and prospective customers, as it reiterated its forecast for full-year earnings. The group said it was trading in line with its expectations, and it still expected to deliver a 5-10 percent rise in underlying earnings per share this year.

“Discussions with current and prospective operators of Typhoon aircraft continue to support group’s expectations for additional contract awards,” it said on Thursday.

It also said talks between itself, the British government and Saudi Arabian government were progressing to define the scope and terms of the next five-year defence co-operation programme between the countries, a significant driver of profit for the group.

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