DefenceTalkBritish military equipment maker BAE Systems on Thursday said annual net profit jumped over a third following asset disposals, while its shares were a rare riser after Russia attacked Ukraine. Net profit jumped 35 percent to pound1.76 billion ($2.36 billion) last year, compared with 2020, BAE said in an earnings statement. BAE profited also from […]https://www.defencetalk.com/defence-giant-bae-systems-grows-profits-shares-rise-78058/

DefenceTalkUS aerospace giant Boeing Wednesday reported a big jump in quarterly earnings, but signaled a leaner 2014 profit outlook after last year’s boom. Boeing’s fourth quarter ended on a high note, with the company achieving record annual commercial aircraft deliveries on its way to notching a 26.1 percent rise in profits compared with the year-ago […]https://www.defencetalk.com/boeing-profits-surge-but-tougher-2014-awaits-50222/

DefenceTalkThe EU has put on hold arms shipments to Egypt, while the US continues to support the Egyptian military. Defense contractors in the US stand to profit. It seemed to be a difficult answer for Barack Obama. The US president appeared to weigh every word when he was asked during a TV interview in August […]https://www.defencetalk.com/us-arms-industry-profits-from-aid-funds-to-egypt-49308/