BAE Systems Plc, Europe’s biggest defense company, posted a 13 percent gain in full-year earnings as U.S. military spending picked up and its planes and weapons were deployed in wars in Syria and Yemen. Underlying earnings before interest, tax and amortization rose to 1.91 billion pounds from 1.68 billion pounds a year earlier, the London-based maker of Eurofighter warplanes said in a statement Wednesday.
Category: Military Aircraft
BAE Systems Full-Year Profit Jumps 13% on U.S. Spending Revival
BAE Systems Plc, Europe’s biggest defense company, posted a 13 percent gain in full-year earnings as U.S. military spending picked up and its planes and weapons were deployed in wars in Syria and Yemen. Underlying earnings before interest, tax and amortization rose to 1.91 billion pounds from 1.68 billion pounds a year earlier, the London-based maker of Eurofighter warplanes said in a statement Wednesday.
Trump Summons Contractors to Mar-a-Lago Over Spending
The two largest U.S. defense contractors said Wednesday they would seek to control their costs after President-elect Donald Trump summoned them and a bevy of top Pentagon officials to his Mar-a-Lago resort in Florida to discuss military spending. “We’re trying to get costs down, costs,” Trump told reporters in brief remarks outside the resort after the officers departed.
Trump Summons Contractors, Officers to Mar-a-Lago Over Spending
The two largest U.S. defense contractors said Wednesday they would seek to control their costs after President-elect Donald Trump summoned them and a bevy of top Pentagon officials to his Mar-a-Lago resort in Florida to discuss military spending. “We’re trying to get costs down, costs,” Trump told reporters in brief remarks outside the resort after the officers departed.