BAE Systems announces 14% revenue increase and record profits for 2024

Posted on 20 Feb 2025 by James Devonshire
Company: BAE Systems
BAE Systems launches UK's sixth Astute Class submarine
Pictured: HMS Agamemnon, the sixth Astute-class nuclear-powered fleet submarine of the Royal Navy, built by BAE Systems. Image credit: BAE.
British aerospace and defence giant, BAE Systems, has announced its full year financials for 2024, reporting a 14% increase in revenue and record profits for the period. For the first time, BAE Systems made an annual profit of more than £3bn (before tax and interest) in 2024, with strong performance reported across all of its…

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