Half Year 2024 BAE Systems PLC Earnings Call Transcript

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Aug 01, 2024

Aug 01, 2024 / 06:00AM GMT
Charles Woodburn - BAE Systems PLC - Chief Executive, Executive Director

Good morning, everyone. As you will hear this morning, our 2024 interim results reflect an excellent and busy six months for the business. Before I go further, I want to thank our employees, trade unions and supply chain partners for all they do to ensure we deliver on our critical commitments to our customers.

As we walk through today's presentation, we hope to leave you with three clear messages. First, we have upgraded our full year guidance across all our key metrics after another six months of strong operational and financial delivery with high-quality earnings growth.

Second, we continue to make significant strategic progress that positions us well for the future. In particular, AUKUS; the Global Combat Air Programme, or GCAP; the integration of our new US space business; and the strengthening of our autonomous unmanned aircraft systems and drone capabilities. And third, we have the visibility and are delivering on our value compounding model, with the demand backdrop in the past six months enhancing the

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