Ian King, Chief Executive, BAE Systems
HIGHLIGHTS
The Group has delivered a robust underlying performance in a challenging business environment
- Headline sales £19.2bn
- Underlying EBITA £2.0bn
- Underlying earnings per share 39.7p excluding R&D tax benefit
- Net debt £1.4bn
- Dividend per share 18.8p
- Returned £2.2bn to shareholders over the past two years
Our strategy is focused on supporting our customers and driving shareholder value
- Grow our international business
- Develop our Cyber, Intelligence and Security, and Electronics Systems businesses in both civil and defence
- Drive value from platform and services positions
We remain well positioned in our home markets and have a large number of international export opportunities
- We have a geographically diverse sales mix and broad customer base
- Well positioned on key platform programmes – Typhoon, F-35, submarines, naval ships and armoured vehicles
Customer affordability remains key
- We will continue to drive efficiencies within our business to ensure we are competitive
