BAE Systems Raises Cash Flow Forecast to 3 Billion Pounds

BAE Systems raised its free cash flow projection for the second time this year to approximately 3 billion pounds, up from previous guidance of more than 2 billion pounds.

The United Kingdom arms manufacturer attributed the financial growth to a rise in military hardware orders fueled by high geopolitical tensions. Orders reached 33 billion pounds so far this year, an increase from the 27 billion pounds recorded in the previous year.

The company maintains its expectations for annual sales growth between 8% and 10%. BAE Systems projects underlying earnings before interest and taxes to grow 10% to 12%, while underlying earnings per share are expected to grow 11% to 13%.