BAE Systems has lifted its annual profit forecast as the war in Ukraine helped drive orders to a new record at Britain’s biggest defence company.
The company said on Wednesday that it had won £21.1bn of new orders in the first six months of the year, as governments stepped up their military spending. Its order backlog hit a record £66.2bn.
The FTSE 100 group, which builds everything from Eurofighter Typhoon jets to nuclear submarines and combat vehicles as well as making ammunition for the British military, forecast that its earnings per share would grow between 10 per cent and 12 per cent this year, double a previous prediction.
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