StockMarketWire.com
BAE Systems' order intake and backlog increased in 2016 whiles sales and underlying earnings also rose.

The group said sales increased by £1.1bn to £19.0bn, almost all of which was due to exchange translation.

Underlying EBITA increased to £1,905m, or 7% on a constant currency basis.

It said underlying earnings per share of 40.3p were 7% higher than adjusted 2015 underlying earnings per share of 37.8p, in line with guidance.

Order intake increased by £7.5bn to £22.4bn and the order backlog rose by £5.2bn to £42.0bn.

The dividend of 21.3p per share is up from 20.9p in 2015.

The group's financial performance measures defined in IFRS:

- Revenue increased by £1.0bn to £17.8bn, almost all of which was due to exchange translation.

- Operating profit increased to £1,742m, or 10% on a constant currency basis.

- Basic earnings per share of 28.8p.

- Net cash flow from operating activities increased by £421m to £1,229m.

Chief executive Ian King said: "2016 was a good year for BAE Systems. Our strategy is well defined; we have a large order backlog, long-term programme positions, strong programme execution and a well-balanced portfolio.

"With an improved outlook for defence budgets in a number of our markets, we are well placed to continue to generate attractive returns for shareholders."

Another safeish decent divi play perhaps?

Trending well for the forthcoming divi I hope.

Going ex-div tomorrow paying a not unreasonable 2%.

Tripped out with small CG and divi.

The Capital Group Companies, Inc. Go above 10%.

A few Director options being exercised this morning with the SP zipping up over 2%.. not declared war on anyone have we since i've been out?

SP still on the rise on no news that I have seen, probably defensive qualities a reason.

Interims http://www.moneyam.com/action/news/showArticle?id=5611268

Some highlights:

BAE Systems' new chief executive Charles Woodburn presented a strong set of interim results on Wednesday, keeping the aerospace and defence group on an even keel and firing off a confident view on the outlook. The FTSE 100 giant generated £9.57bn of revenues in the six months to 30 June , up 10% or 4% if currency tailwinds are ignored, while underlying earnings per share increased by 14% to 19.8p and the interim dividend was hiked 2% to 8.8p per share.

No 7am update on the recent speculation yet.

What's that about Stan? Ex-Divi 19th Oct.

BAE Systems set to announce up to 2,000 job cuts in Britain

Thought that was a done deal skinny, speculation re redundancy or re-employment elsewhere in company could take a while to sort out and weaken share price. Sometimes that sort of announcement strengthens share price re cost cutting. Not sure one RNS can figure that one out. :0)

BBC-2000 jobs at risk apparently.

The loss of jobs is because of a loss or orders and particularly one expected from Kuwait. So the future is not now looking so bright.

But is all this stuff already in the price?

Long on the spreads @ 582.91 tight stop.

StockMarketWire.com
BAE Systems and the government of Qatar have entered into a contract, valued at approximately £5bn, for the supply of Typhoon aircraft to the Qatar Emiri Air Force along with a bespoke support and training package.

The contract is subject to financing conditions and receipt by the company of first payment, which are expected to be fulfilled no later than mid-2018.

The contract provides for 24 Typhoon aircraft with delivery expected to commence in late 2022.

BAE Systems is the prime contractor for both the provision of the aircraft and the agreed arrangements for the in-service support and initial training.

BAE Systems chief executive Charles Woodburn said: 'We are delighted to begin a new chapter in the development of a long-term relationship with the State of Qatar and the Qatar Armed Forces, and we look forward to working alongside our customer as they continue to develop their military capability.'

Quite a splurge in last couple of days from bottom of last 3 months range on good volume. 600p top of that range been hard to crack, place your bets :0)

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