Underlying EBITA of £895m decreased by 11% on a constant currency basis and excluding the impact of acquisitions. BAE Systems guides to lower earnings, restarts dividend. The guidance is based on the measures used to monitor the underlying financial performance of the Group.

The maker of Typhoon fighter jets, combat vehicles, warfare ships and Astute Class nuclear-powered attack submarines, said annual earnings per share would be a mid-single digit percentage lower than last year's result of 45.8 pence. Underlying earnings per share excluding one-off tax benefit (2019 only). Instant access to recordings of our past webinars, Upcoming events and webinars for the Financial Services sector, Using Technology to 

We started the year from a strong position and we have taken actions to enhance our resilience, ensuring we continued to deliver against our customer priorities, whilst keeping our employees safe. I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy.

British defence company BAE Systems said 2020 earnings would fall due to COVID-19 disruption but a speedy operational recovery from the pandemic meant it … Protecting the well-being of our employees. Sales increased by 4% on a constant currency basis and excluding the impact of acquisitions, to £9.9bn. Assuming no significant COVID-19 resurgence, we expect a good second half to the year. )+[a-z]{2,})$/i, failureMessage: "A valid email address is required"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom11 = document.querySelector('#form1783 #field11');var field11 = new LiveValidation(dom11, {validMessage: "", onlyOnBlur: false, wait: 300});field11.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\.

Whilst the Group is subject to geopolitical uncertainties and there remains considerable uncertainty in respect of COVID-19, the following guidance is provided on current expected operational performance under new working practices introduced in recent months. said 2020 earnings would fall due to COVID-19 disruption but a speedy operational recovery from the pandemic meant it was confident on the second-half of the year and would restart dividend payments.

In addition, the directors have also declared an interim dividend of 9.4p per share in respect of the half year ended 30 June 2020. The sector continues to work closely with industry partners and the UK government to continue to fulfil contractual support arrangements in Saudi Arabia on the key European collaboration programmes.

We expect the Group’s underlying earnings per share to be a mid-single digit percentage lower than last year’s 45.8p, assuming a US$1.25 to sterling exchange rate and at a tax rate now expected to be 19%, in line with last year.

EPIC Name Market Dividend Type Declaration Date Ex-Dividend Date Payment Date; BA.

Meeting customer priorities as they face unique challenges.

Terminal High Altitude Area Defense (THAAD) seeker is executing at full rate production and received an additional order to design and manufacture next-generation infrared seekers. The final rate is dependent on the geographic mix of profits. Dividend Dividend Per Share Year Total; 2020: 30 Nov 2020: 23 Oct 2020: Interim 2020: 9.4p: … Production of F-35 rear fuselage assemblies will ramp up to full rate by 2021. Past BA. The fourth Astute Class submarine, HMS Audacious, was accepted and left our Barrow site in April to begin sea trials with the Royal Navy. The build phase of the River Class Offshore Patrol Vessel programme remains on target for completion in 2020, with the fourth vessel, HMS Tamar, accepted by the customer in the period.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Pre-tax profit fell 11% to … The Group’s share of the pre-tax accounting post-employment benefits deficit increased to £6.0bn (31 December 2019 £4.5bn). Armored Multi-Purpose Vehicle Low-Rate Initial Production under way, with the first vehicle to be completed in the second half of the year.

All rights reserved, S172(1) statements and corporate governance statements, BAE Systems selected to develop attritable air vehicle systems under the U.S. Air Force Skyborg program, Australia to export sensor for Joint Strike Missile to Norway, Loyal Wingman taxi testing milestone welcomed by BAE Systems Australia, BAE Systems, Elbit Systems of America team to shape the future of Army combat vehicles, ARCHER wheeled howitzer offered for U.S. Army's 155 mm gun system, BAE Systems to deliver system integration and information technology management for Army Cyber Command. Ensuring that we maintain appropriate liquidity and balance sheet strength. In Australia the Hunter Class frigate programme is progressing to plan and ASC Shipbuilding has been integrated into our Australian operations.

Order backlog has increased in the first half of the year to £46.1bn. Yes! The business continues to experience growth in classified work. Chief executive Charles Woodburn said demand for BAE's capabilities remained high and he expected a good second half, assuming no significant resurgence of the pandemic. However, at the start of the second quarter it is seeing "more significant disruptions".

It said for the year ended December 2019, a payment it deferred in April, it would pay 13.8 pence per share, plus an interim dividend of 9.4 pence per share.

The directors have declared an interim dividend of 13.8p per share in respect of the year ended 31 December 2019, payable in September, being the value of the dividend proposed but subsequently deferred earlier in the year. BAE said that though it’s in a strong position with a large order backlog, it’s not possible yet to predict the impact of the virus on the 2020 results. Demand for our capabilities remains high and we recognise our role not only in supporting national security, but also in contributing to the economies of the countries in which we operate. Copyright © 2020 BAE Systems.

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