International
The information on this page has been taken from the presentation accompanying the 2023 Preliminary Results published on 21 February 2024, and the 2022 Annual Report.
Why invest in BAE Systems?
- Uniquely diverse geographic and capability portfolio.
- Strong programme performance, underpinned by a robust operating model.
- Record order backlog providing the foundation for growth and a global opportunity pipeline to further enhance the outlook.
- Focus on sustaining and developing innovative technologies to deliver solutions for our customers and create long-term value for our shareholders.
- Strong balance sheet with good cash generation, supporting disciplined and consistent value enhancing capital allocation.
Our strategic priorities
Our investment proposition is driven by our consistent strategy and strategic priorities to…
Diverse geographic footprint
With a presence in around 40 countries, we’re the largest defence contractor in the UK and Australia and top 10 prime contractor in the US.
As of February 2024
Disciplined capital allocation
- Dividend cover of c. 2x underlying earnings
- 20 years of dividend increases
- Up to £1.5bn buyback programme ongoing
(1) 2020 does not include the interim dividend paid of 13.8p per share paid in September in respect of 2019 performance. This amount is reflected in the 2019 dividend history.
What we look to achieve in the coming years…
- Strong consistent programme performance.
- Accelerate our sustainability agenda.
- Strong cash conversion.
- Technology investment.
- Top-line growth.
- Focused capital allocation.
- Efficiency and simplification in working.
- Increased return on sales.
- Higher return on capital employed (ROCE).
- Portfolio shaping for value creation.
- Secure further opportunities and widen market base.
Targeted guidance, subject to geopolitical and other uncertainties.
World class defence capabilities
Our technology Innovators
Sustainability
Contact
Investor Relations
Telephone: +44 (0)1252 38 3040