People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023.
REUTERS/Cheney Orr/File Photo Acquire Licensing RightsLONDON, Nov 13 (Reuters) - BAE Systems (BAES.L) maintained its guidance for annual earnings to rise as much as 12% as orders for military kit continued to flow at a time of heightened geopolitical risk, benefiting Britain's biggest defence company.
BAE upgraded its forecast in August, guiding that earnings per share would grow by 10%-12% in 2023 after orders soared following Russia's invasion of Ukraine last year.
Since then, Israel has invaded Gaza in the wake of Hamas' Oct. 7 attack, upsetting stability in the Middle East.
The group, whose biggest customers are the United States, Britain, Saudi Arabia and Australia, said it had increasing exposure to "structurally growing" defence markets.
Persons:
Cheney Orr, Charles Woodburn, Sarah Young, Kate Holton, Paul Sandle
Organizations:
BAE Systems, Association of, United States Army, Global, REUTERS, BAE, Thomson
Locations:
Huntsville , Alabama, U.S, Ukraine, Israel, Gaza, Australia, Britain, United States, Saudi Arabia, China