2011 Full Year Results

 Ian King, Chief Executive, BAE Systems



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
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