BAE Systems PLC (LSE:BA.) confirmed financial guidance after reporting the order book has remained strong in the second half of the year.
Charles Woodburn, BAE Systems chief executive, said: “Trading has been in line with the upgraded guidance we issued at the time of our 2023 half-year results.”
“We are delivering another year of good sales and earnings growth, together with strong cash flow generation.”
"Order flow on new and existing programmes, renewals on incumbent positions and progress with our opportunity pipeline remains strong.“
BAE reported a strong order intake had been maintained with around £10 billion booked since the half-year stage, meaning order intake for the year to date is over £30 billion.
Woodburn said this underpins "our confidence and visibility for good top line growth in the coming years”.
The FTSE 100-listed defence manufacturer said trading reflected good operational performance and effective supply chain management.
For the full-year, BAE expects sales growth of 5% to 7% from £23.26 billion last year and underlying EPS to rise 10% to 12% from 55.5p last time.