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BAE Systems maintains forecast for flat 2018 earnings, sees good prospects for adding to its order backlog

Charles Woodburn, BAE’s chief executive said: "We have a large order backlog and strong franchises with good prospects to further these positions in the coming months"
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BAE said its “outlook remains unchanged with 2018 underlying earnings per share expected to be in line with 2017”

BAE Systems PLC (LON:BA,) has maintained its forecast for flat earnings this year and said there were good prospects for adding to its order backlog later this year.

In a statement to be delivered to its annual general meeting on Thursday, the FTSE 100-listed defence company its “outlook remains unchanged with 2018 underlying earnings per share expected to be in line with 2017.”

READ: BAE Systems PLC takes off as Berenberg upgrades its rating to ‘buy’ from 'hold'

The group added that it has opportunities to win contracts in the US for amphibious combat vehicles and in Australia to help build military ships in 2018.

The company added that negotiations with Saudi Arabia over the terms of its intention to buy 48 Typhoon fighter jets were progressing.

Charles Woodburn, BAE’s chief executive said: "We have a large order backlog and strong franchises with good prospects to further these positions in the coming months.

“The new organisation structure is now established to drive our strategic priorities to deliver both in year targets and to provide a solid foundation for medium term growth."

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