BAE Boosts Guidance on Strong Defense Demand, Space Expansion
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BAE Systems Plc raised its earnings guidance, boosted by the acquisition of Ball Aerospace and growing defense spending across the globe.
The UK weapons manufacturer now expects sales to grow 12% to 14% in 2024, up from a previous expectation of 10% to 12%, it said in a statement on Thursday. It also upgraded its underlying operating profit, earnings per share and free cash flow guidance.