BAE Systems Expects 2020 Underlying EPS Above Guidance

By Anthony O. Goriainoff

BAE Systems PLC said Wednesday that 2020 underlying earnings per share is now expected to be slightly higher than previously guided, and it backed its sales and cashflow guidance for 2020.

The London-listed defense company said that order intake expectations are ahead of its original pre-Covid-19 planning for the year and that an expected lower tax rate will offset a negative foreign exchange impact.

Germany's confirmation of the purchase of 38 Typhoon aircraft is significant for the consortium, it said, adding that it is working with Eurofighter GmbH and its industrial partners to conclude the relevant contracts in the near future.

Its U.S.-based portfolio remains well aligned to customer priorities and growth areas and it expects this to continue under the next administration, it said.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

November 11, 2020 02:35 ET (07:35 GMT)

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