BAE Systems PLC

BA.: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 5,762.00	Jgqt	Zrwtqlmk

BAE Systems Earnings: Strong Set of Results, Guidance Update, and Increased Shareholder Remuneration

Loredana Muharremi

Aug 2, 2023

Wide-moat BAE Systems upgraded full-year guidance on the back of another strong set of results for first-half 2023, with a record backlog of GBP 66 billion, representing almost 3 times annual sales. We are maintaining our fair value estimate.

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