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Evening Standard

Business

Alex Daniel

Arms maker BAE Systems cites ‘growing threats’ to security amid record profit

BAE Systems UK Government United Kingdom

A global ramp-up in military spending amid wars in Ukraine and Gaza helped weapons manufacturer BAE Systems make a record profit of just over £3 billion last year.

Europe’s largest defence contractor said earnings surged by one-sixth compared to 2023, buoyed by “growing threats” to security around the world.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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