BAE Systems PLC (LSE:BA.) has told investors that trading so far in 2025 has been in line with expectations.
The British defence engineer maintained its guidance for the year, with sales expected to grow between 7% and 9%. Underlying EBIT and earnings per share are each forecast to rise by 8% to 10%.
Key contract wins this year include nearly $800 million for integration support services to the US Air Force and over $360 million in Amphibious Combat Vehicle orders.
The order backlog and pipeline remain strong, BAE noted in a statement ahead of today’s AGM.
"We've had a strong start to 2025 and are maintaining our guidance for the full year," said chief executive Charles Woodburn.
“During this time where the defence and security landscape is rapidly evolving, we are focused on delivering our long-term programme commitments to our customers, while investing in our business to boost capacity, drive efficiencies and shape our portfolio to support future growth."