British arms maker’s 2024 profits top £3bn and it expects sales of more than £30bn next year

Britain’s biggest weapons manufacturer BAE Systems has reported record orders as the European defence industry gears up for increased spending sparked by the Ukraine war.

The company, a member of the FTSE 100 share index, said that it expected sales next year to top £30bn, as it reported annual profits before interest and tax of more than £3bn for the first time in 2024.

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Source: https://www.theguardian.com/business/2025/feb/19/bae-systems-reports-record-orders-as-european-defence-spending-rises