Preserving and protecting our capabilities and the strength of the Group’s business, which is underpinned by our c.£46bn order backlog and programme positions. BAE said coronavirus had no material impact on the business during the first quarter of 2020. Applied Intelligence’s Government business continues to perform well, and the Financial Services business delivered growth in order intake in the period despite COVID-19 disruption. BAE Systems sees lower 2020 profits; Reinstates dividend UK arms maker BAE Systems said full year profits would be slightly lower due to the coronavirus pandemic, but expected a … The Qatar Typhoon programme achieved key milestones ahead of schedule. Ex-Dividend Dates 1. It posted a 15% drop in underlying earnings per share to 18.7 pence for the period. BAE also reinstated a 13.8p -a-share £460m payout deferred from April and declared an interim dividend of 9.4p a share. The sector continues to work closely with industry partners and the UK government to continue to fulfil contractual support arrangements in Saudi Arabia on the key European collaboration programmes. Trading on multi-year, long-term contracts in the Air sector was offset by a 7% increase in our US business and a foreign exchange benefit. Construction of the first two City Class Type 26 frigates for the Royal Navy continues to progress. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? The fourth Astute Class submarine, HMS Audacious, was accepted and left our Barrow site in April to begin sea trials with the Royal Navy. Reconciliations from these measures to the financial performance measures defined in International Financial Reporting Standards for the six months ended 30 June 2020 are provided in the Group financial review. Amphibious Combat Vehicle Low-Rate Initial Production continues along with design development of two new mission variants. We have delivered a robust performance in the first half of the year, thanks to the efforts of all of our employees. Implementation of process and automation improvements is under way in Combat Mission Systems production. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, Aerospace leaders say collaboration, government support help mitigate pandemic, German defence supplier Hensoldt prepares for September IPO - sources, Do Not Sell My Personal Information (CA Residents Only). Assuming no significant COVID-19 resurgence, we expect a good second half to the year. Ensuring that we maintain appropriate liquidity and balance sheet strength. Instant access to recordings of our past webinars, Upcoming events and webinars for the Financial Services sector, Using Technology to  Discussions regarding the sale of the Applied Intelligence US-based software-as-a-service business are continuing. Meeting customer priorities as they face unique challenges. Yes! Negotiations for the transition through to mid-2022 to a reduced scope support solution for the OmaniTyphoon fleet are ongoing and expected to conclude early in the second half of the year. It said for the year ended December 2019, a payment it deferred in April, it would pay 13.8 pence per share, plus an interim dividend of 9.4 pence per share. Including the two acquisitions, we expect the Group’s sales to increase by a low-single digit percentage compared to last year, as we see increased volumes in F-35, Combat Vehicles and growth in the electronic defence portfolio, offsetting the shortfall in commercial businesses. As of 22 Oct 2020 no upcoming ex-dividend date has been declared for a company with EPIC 'BA.' Supporting our supply chain in dealing with pandemic-related disruption. Weekly Preview: Stocks To Watch (AAPL, AMD, AMZN, FB, GOOG, MSFT), Japan's Mitsubishi Heavy to freeze development of SpaceJet regional jet - sources, BUZZ-U.S. STOCKS ON THE MOVE-Moderna, Royal Caribbean, oil and tech stocks, BUZZ-U.S. STOCKS ON THE MOVE-Netflix, Snap Inc, Astrotech Corp, BUZZ-U.S. STOCKS ON THE MOVE-Lockheed Martin, Cenovus Energy, SAP, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /^([^@\s]+)@((?:[-a-z0-9]+\. Ship support maintained at Portsmouth Naval Base under challenging COVID-19 conditions. Acquired the Airborne Tactical Radios business from Raytheon Technologies Corporation, expanding our full spectrum communications portfolio with multi-band radios and advanced cryptographic technologies. Bradley award for $267m (£216m) received in June. We started the year from a strong position and we have taken actions to enhance our resilience, ensuring we continued to deliver against our customer priorities, whilst keeping our employees safe. This dividend will be payable in November assuming that there are no major additional or unforeseen pandemic-related disruptions. Copyright © 2020 BAE Systems. LONDON, July 30 (Reuters) - British defence company BAE Systems BAES.Lsaid 2020 earnings would fall due to COVID-19 disruption but a speedy operational recovery from the pandemic meant it was confident on the second-half of the year and would restart dividend payments. British defence company BAE Systems said 2020 earnings would fall due to COVID-19 disruption but a speedy operational recovery from the pandemic meant it … Demand in the commercial business lines of Controls & Avionics Solutions, and Power & Propulsion Solutions, has been impacted by COVID-19. British defence company BAE Systems said 2020 earnings would fall due to COVID-19 disruption but a speedy operational recovery from the pandemic meant it was confident on the second-half of the year and would restart dividend payments. BAE said that though it’s in a strong position with a large order backlog, it’s not possible yet to predict the impact of the virus on the 2020 results. said 2020 earnings would fall due to COVID-19 disruption but a speedy operational recovery from the pandemic meant it was confident on the second-half of the year and would restart dividend payments. Exit from the loss-making UK-based Enterprise Managed Security Services business was completed. The guidance is based on the measures used to monitor the underlying financial performance of the Group. In addition, the directors have also declared an interim dividend of 9.4p per share in respect of the half year ended 30 June 2020. The Group’s underlying effective tax rate for the first half of the year was 19%. Order backlog has increased in the first half of the year to £46.1bn. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field11.add(Validate.Presence, {failureMessage:"This field is required"});field11.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i
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