BAE Systems : Firmer grip on programmes but growth still inadequate
>Solid H1 and 2019 full-year FCF boosted by prepayments from Qatar - BAE Systems reported solid results for H1 2019, 7% higher than forecast at the level of underlying EBITA, at £ 999m despite a restructuring charge of £ 25m for the applied intelligence commercial activity in connection with the decision to sell SilverSky (acquired for $ 235m) and the UK-based managed security services business. The performance was driven by electronic systems (F-35, APKWS) and by th...BAE Systems is a defense, aerospace and security solutions provider. Co. supplies defense equipment, electronics and services, and cyber, intelligence and security solutions for governments and commercial markets. Co.'s offerings include the: manufacture of Typhoon assemblies for European partner nations and other export customers; design and manufacture of sub-assemblies in the U.K. and provision of equipment in the U.S.; development of future air system capabilities, including unmanned air systems; maintenance, support and training for Typhoon aircraft in service with the U.K. and Saudi Arabian air forces; and design, manufacture and support of defense and commercial avionics equipment.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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