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
(END) Dow Jones Newswires
November 11, 2020 02:35 ET (07:35 GMT)
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