The governments of the three countries are due to provide an update next month on the agreement and Mr Woodburn said he had no reason to think that would not be delivered.
Crucially, a major criticism often levelled at BAE in the past - that it fails to generate enough cash from its activities - also appears to be being addressed. The shares were ahead by as much as 20% at one stage as investors digested not only this news but guidance that the company is expecting operating profits of £800m-£1bn for 2023.
Mr Erginbilgic said too much of the company's resources were simply covering its costs and interest payments and stifling its ability to invest. "We must only invest in new technologies where we are differentiated, where the market opportunity is sufficiently large and where there are synergies with our existing operations."It will be tempting to suggest that, with massive demand still pent-up for flying, a strong 2023 for Rolls is all but guaranteed.
Source: News Formal (newsformal.com)
War is messy but lucrative.....
I bet they are. Wars money..
Military contracts are very profitable for these companies. They make parts for armaments and military equipment, engines etc. Guess who is really winning? Warmongers.
Wondering to whom to they supply....no wonder the wars will never end. Biden is jumping with Joy with the Ukraine war
Fake wars = profit
The industrial military complex must be fed. Ain’t no profit in peace 😕
Thanks to the Ukraine war, blood money.
They must have found new growth markets somewhere..
😯😯
cainelewisbrown 😁
War is big business!! 🤷🏻♂️🤦🏻♂️
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