BAE Reveals 2009 Fiscal Results
BAE’s 2009 fiscal results are in. According to the firm, headline sales are up 21% to £22.4B, with underlying EBITA up 17% to £2,220B. Underlying earnings per share are up 9.7% to 40.7%.
“BAE Systems has again delivered a strong set of financial results. Our well-defined and proven global strategy is serving the business and our shareholders well,” said Ian King, CEO. ”These results show growth underpinned by a strong balance sheet and a record order book. BAE Systems is a broadly-based and resilient business with a large order book, agile in developing the business and adapting its capabilities in anticipation of changing requirements.”
Also, the dividend is up 10% to 16% with a record order book of £46.9B and a strong balance sheet, net cash of £403M. Cashflow from operating activities was at £2,232M with a £500M market purchase of shares to commence.
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