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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

EXPLAINED: Bae systems reports record orders as european defence spending rises | Rare Historical Photos

A large piece of defence equipment on an exhibition stand
Visitors inspect the BAE Systems section at a defence exhibition in Abu Dhabi, United Arab Emirates, this month. Photograph: Ali Haider/EPA

Britain’s biggest weapons manufacturer, BAE Systems, has reported record orders as the European defence industry gears up for increased spending sparked by the Ukraine war.

The company, a member of the FTSE 100, said it expected sales next year to top £30bn, as it reported annual profits before interest and tax of more than £3bn for the first time in 2024.

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