BAE reports higher profits

Defence group BAE Systems today reported higher first-half profits as its customers increase military spending to support forces fighting overseas.

BAE reports higher profits
Fri, 01 Aug, 2008 - 11:07

Defence group BAE Systems today reported higher first-half profits as its customers increase military spending to support forces fighting overseas.

Pre-tax profits for the six months to the end of June rose to £791m (€914m) from £657m (€835.2m) a year earlier as total sales increased 12% to £7.75bn (€9.9bn).

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