The FTSE 100 defence contractor said that as a result of unspecified agreements regarding “overseas tax matters” a one-off non-cash benefit has been recognised to 2019 earnings per share.
However, BAE also made a provision for estimated exposure to the UK's Controlled Foreign Company regime, following the European Commission’s decision in April that concluded the regime partially represents state aid.
The net earnings per share benefit arises in addition to the current 2019 underlying earnings per share guidance.
BAE said neither item is “not expected to have a material impact on the underlying tax rate in future years”.
Shares in the Company were little moved at 518.4p in early trading on Thursday.