From Morningstar:

BAE Systems reported soaring profit and revenue in 2023, beating its earnings guidance. Pretax profit climbed 17% to £2.33 billion, while revenue grew 8.6% to £23.08 billion. BAE is increasing its dividend, recommending a final dividend per share of 18.5p for 2023. The order book rose 19% to £58.0 billion, driven by increased global interest in its weapons systems.

The company says its investments in core franchises and next-generation priorities have been driven by the evolving threat landscape. BAE Systems is looking ahead to a “robust” outlook for its US government services sector despite highly competitive market conditions. However, BAE shares fell around 3% to £12.11 each on Wednesday morning in London.

Morningstar Metrics for BAE Systems:
• Fair Value Estimate: £11.70
• Current Price: £12.11
• Morningstar Rating: ★★★
• Morningstar Economic Moat Rating: Wide
• Morningstar Uncertainty Rating: Medium



Read more: BAE Systems Raises Dividend as Profits Grow