US defence bolsters BAE Systems

BAE Systems posted a 34% surge in profits today after a strong performance at its defence division in the United States.

Wed, 13 Sep, 2006 - 09:13

BAE Systems posted a 34% surge in profits today after a strong performance at its defence division in the United States.

BAE said operating profits for the first half of 2006 jumped from £488m (€721m) to £653m (€964.5m) as it benefited from last year’s acquisition of US defence group United Defense Industries.

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