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BAE Systems shares near fresh high as order backlog hits record amid defense budget boosts

Por: MarketWatch Business August 02, 2023

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The FTSE 100 constituent said its order backlog was now a record £66.2 billion and after increasing first half underlying earnings before interest and tax by 10% to £1.3 billion it would undertake another three-year share buyback program totaling £1.5 billion. “A strong set of first-half results have shown that BAE occupies a key space in the defense market. And with some of its biggest buyers, the U.K., U.S. and Europe, all expected to... + full article



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