BAE Initiates $1.5 Billion Buyback as Profit Beats Estimates

BAE Initiates $1.5 Billion Buyback as Profit Beats Estimates

Paul Thomas/Bloomberg

The BAE Systems Plc logo sits on a wall outside the company's engineering and manufacturing plant in Brough, near Hull, U.K. BAE expects “modest growth” in underlying earnings per share in 2013, excluding the impact of the share buyback.