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BAE Systems reports 9% rise in first half earnings

BAE Systems reports 9% rise in first half earnings
FILE PHOTO: Trade visitors walk past an advertisement for BAE Systems at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville -
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Toby Melville(Reuters)
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LONDON (Reuters) – BAE Systems <BAES.L>, Britain’s biggest defence company, said operational improvements in its first half drove a 9% rise in core earnings to 999 million pounds, underpinning its guidance for the full year.

The maker of Typhoon fighters, combat vehicles and Astute Class nuclear-powered attack submarines, stuck to its full-year earnings per share forecast of 42.9 pence, assuming a $1.30 to sterling exchange rate, as the better operational performance helped offset restructuring charges.

(Reporting by Paul Sandle; editing by Guy Faulconbridge)

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