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BAE Systems (BA) investor relations material
BAE Systems Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Operational and financial performance
Strong operational and financial performance delivered in the first four months of 2026, supporting full-year guidance.
Increased defence spending across all key markets is driving growth opportunities.
Portfolio aligns with customer priorities, including space, missile and air defence, drones, electronic warfare, combat vehicles, and naval systems.
Guidance and outlook
Full-year guidance for 2026 maintained: sales growth of 7–9%, underlying EBIT growth of 9–11%, and underlying EPS growth of 9–11%.
Free cash flow expected to exceed £1.3bn in 2026.
Guidance based on constant currency, with sensitivity to GBP:USD exchange rate movements.
Order intake and contracts
Secured a £2.5bn contract for Eurofighter Typhoon support for Türkiye.
Received £1.1bn in MBDA air defence orders from European customers.
Space & Mission Systems awarded $235m for Epoch 2 missile warning satellites and $325m for a restricted national space programme.
Bofors secured over $200m for ARCHER artillery and $180m for TRIDON Mk2 anti-aircraft systems for Sweden.
Maritime Solutions received a US Navy contract over $200m for USS Iwo Jima upgrades.
- Double-digit growth, record backlog, and robust outlook with continued margin expansion.BA
H2 202518 Feb 2026 - Record backlog, upgraded guidance, and double-digit growth highlight strong H1 2024 results.BA
H1 20242 Feb 2026 - Record backlog, double-digit sales growth, and upgraded guidance drive long-term confidence.BA
H1 2024 (Q&A)2 Feb 2026 - Record 2024 sales, EBIT, and GBP 78bn backlog support continued strong growth in 2025.BA
H2 20248 Jan 2026 - Upgraded 2025 guidance reaffirmed, with robust order intake and strong shareholder returns.BA
Trading Update12 Nov 2025 - Double-digit sales, EBIT, and EPS growth drive upgraded 2025 guidance and strong outlook.BA
H1 20253 Nov 2025 - 2025 guidance maintained with strong trading, major contract wins, and record investment in growth.BA
Trading Update4 Sep 2025 - Strong financial growth, global reach, and innovation drive future opportunities in the air sector.BA
CMD 2025 Presentation29 Jul 2025 - Guidance reaffirmed as strong orders, contract wins, and investments drive long-term growth.BA
Trading Update13 Jun 2025
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