BAE reported sound results today, roughly in line or above estimates, as well as for guidance. The company recorded operational improvements in a number of programmes, which, combined with ongoing contracts that are maturing, lead us to expect a further improvement at the cash level.
20 Feb 2020
FY19: good surprise on the cash side
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FY19: good surprise on the cash side
BAE Systems plc (BA:LON) | 1,352 0 0.0% | Mkt Cap: 40,954m
- Published:
20 Feb 2020 -
Author:
Hugo Paternoster -
Pages:
3
BAE reported sound results today, roughly in line or above estimates, as well as for guidance. The company recorded operational improvements in a number of programmes, which, combined with ongoing contracts that are maturing, lead us to expect a further improvement at the cash level.