Robust year for BAE Systems

22 Feb 2013

BAE Systems have announced their full year results for 2012, with strong trading in a number of areas.

Announcing the results for the year, Ian King, Chief Executive, BAE Systems said, "BAE Systems continues to deliver a robust performance with strong trading in a number of areas. Our geographic diversity is providing resilience and in particular, we have made excellent progress in international markets achieving a non-US and UK order intake of £11.2bn.  This has resulted in an 8% increase in our order backlog to over £42bn. We have closed the year with a strong balance sheet and are well positioned for the future."

BAE Systems, employing approximately 3,000 people at its shipyards on the Clyde and 600 at other Scottish locations. Sales for the year exceeded £1.7bn.

Mick Ord, Managing Director of BAE Systems Maritime - Naval Ships, said: "The last 12 months have once again showcased the fantastic skills and capabilities within BAE Systems in Scotland.

"We've delivered all of the major hull sections of the first Queen Elizabeth aircraft carrier to Rosyth, where the ship is taking shape in the dry dock, and construction on the Prince of Wales is well advanced across our yards. Meanwhile the Type 45 programme is moving to an important phase of supporting the ships in service with the Royal Navy, as we prepared to deliver the final ship and our engineering teams are working hard to progress the design of the Type 26 Global Combat Ship."

Source: BAE Systems