BAE expects modest growth in underlying earnings

Hot on the heels of its failed merger with Airbus owner EADS, defence firm BAE Systems has confirmed that trading since its interim results at the beginning of August has been in line with management expectations.

Hot on the heels of its failed merger with Airbus owner EADS, defence firm BAE Systems has confirmed that trading since its interim results at the beginning of August has been in line with management expectations.

The interim management statement for the period July 1st-October 10th contains plenty of reasons which explain why management was prepared to consider a merger with EADS, however.

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