After record orders last year, British defense group BAE Systems said on Thursday the nuclear-powered submarine program launched in March by the United States, Australia and the United Kingdom will boost its performance for years to come.
This program, announced in March by the leaders of the three countries within the framework of an alliance called AUKUS, aimed at standing up to China in the Pacific, “is important for the company in the medium and long term,” said Charles Woodburn, director BAE executive, in a statement.
BAE, which published an update on its year-to-date performance on Thursday, said its sales so far have been “in line with expectations” and it stood by its forecast for 3-5% revenue growth through all of 2023.
A new generation fighter plane.
BAE also highlights US President Joe Biden’s desire to increase the defense budget, ensuring it “remains aligned with US national defense strategy priorities.”
In Europe, “Finland joined NATO on April 4 and many countries continue to increase their annual and long-term defense spending plans as they seek to strengthen, recapitalize and rebuild their capabilities to meet the commitments” of this alliance, he also stressed. BAE.
The group posted record orders last year, especially since the start of the war in Ukraine, despite a decline in its net profit. Specifically, it announced in November a £4.2 billion order from the British government to build five frigates for the Royal Navy in Glasgow. In December, the United Kingdom, Japan and Italy announced the preparation of a new generation combat aircraft in which BAE Systems will participate in particular.
Source: BFM TV
