6 months ago
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FTSE 100 company says global instability is making government focus on defence spending
Increased military spending prompted by Russia’s war on Ukraine and the Israel-Gaza conflict helped the British weapons manufacturer BAE Systems to record profits last year, with further growth expected in the year ahead.
The FTSE 100 company made underlying profits before interest and tax of £2.7bn on record sales of £25.3bn in 2023.
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