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Evening Standard

Business

Michael Hunter

UNCOVERED: Bae systems breaks records as governments beef up defence spending - The Untold Story

BAE BAE Systems Charles Woodburn Standard ESG Ukraine United Kingdom

The impact of the war in Ukraine on global geopolitics has led to a record level of orders at BAE Systems, with governments beefing up spending on defence from nuclear submarines to tanks and fighter jets.

Shares in the London-listed multinational topped the FTSE 100 after it revealed a £66.2 billion order book alongside a sharp rise in profits and a fresh £1.5 billion payout for investors.

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