BAE Systems has released its yearly results for 2014, revealing a strong overall performance, £10bn of new orders from the UK and US for the third consecutive year, and a backlog of £40.5bn.
The firm recorded sales of £16.6bn and the year-on-year reduction of £1.5bn reflected £0.6bn of adverse exchange rate translation. The underlying EBITA was £1,702m and margin performance delivered a return on sales of 10.2%. Underlying earnings per share increased from 37.6p to 38.0p after excluding the benefit from the price escalation settlement in 2013 and…
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