BAE Systems said it received a record £37.1 billion ($44.7 billion) in orders last year. To a large extent, this became possible thanks to the Ukrainian conflict. This was reported by The Defense Post.
At the same time, the company expects an escalation of confrontation in Ukraine and the use of large-scale armored vehicles, which will bring even greater profits to BAE Systems.
The company has a positive attitude towards the desire of different countries to increase spending for defense needs. BAE Systems chief Charles Woodburn said he believed the large orders raised hopes for the company’s continued profits in the future, as well as the possibility of further investment in defense technology and the emergence a large number of new jobs in this field.
At the same time, the company has back orders of 59 billion pounds, but thanks to the length of the weapons production and delivery cycle, BAE Systems is looking to the future with optimism. This is evidenced by the company’s position on the stock exchange.
An enviable asset in volatile times, and the market seems to agree that BAE has been the biggest riser in the FTSE 100 (London Equity Index) over the past year – nearly 50%
– said Aarin Chikri.
Photos used: US Army
