BAE Systems remains on track
The first landings by 6 Squadron Eurofighter Typhoon at RAF Leuchars. (Photo: BAE Systems)
While uncertainties surrounding COVID-19 remain, prospects are high for sales growth, margin expansion and three-year cash targets.
BAE Systems has reported that 2021 guidance remains unchanged from the position outlined in the interim results and is evidenced by continuing good operational performance.
Despite setbacks caused by the covid pandemic, there has been reported growth as sales are expected to be up 3-5%, from the 2020 levels of £20,862 million, by the end of year.
The company has received a number of major awards in the first three quarters of 2021 which have enabled this growth.
Two major contracts were received for Eurofighter Typhoon Future Synthetic Training, valued around £220 million, and Typhoon capability enhancements, valued around £135 million.
An early design and concept contact was received for the UK future submarine programme, valued at £85 million, which aims to replace the Astute class.
The largest award reported was a ten-year IDIQ for sustain and technical support of the Limited Interim Missile Warning System programme, with a maximum potential value of $872 million.
The 2021 free cash flow is less than £1 billion and the cumulative free cash flow for the 2021-2023 period is less than £4 billion.
More from Defence Notes
-
![NATO signs agreements worth billions of dollars on missiles, air defence and aircraft]()
NATO signs agreements worth billions of dollars on missiles, air defence and aircraft
Announcements on aircraft deals and agreements for trans-alliance cooperation to boost the production and purchase of weapons and equipment were key takeaways from this week’s NATO summit.
-
![Ukraine experience forces rethink of counter-UAS doctrine]()
Ukraine experience forces rethink of counter-UAS doctrine
A panel session at Eurosatory 2026 brought together industry, academia and the French armed forces to assess how Ukraine’s battlefield reality is reshaping counter-UAS (CUAS) technology, air defence doctrine and Western procurement priorities.
-
![Raytheon fast-tracks AIM-9X Sidewinder production targeting 2,500 missiles a year by 2027]()
Raytheon fast-tracks AIM-9X Sidewinder production targeting 2,500 missiles a year by 2027
RTX Raytheon is accelerating production of the AIM-9X Sidewinder, aiming to reach 2,500 missiles annually by late 2027 while strengthening its supply chain following two US Navy major contracts worth more than $2.2 billion.
