Bae Systems Plc S/Adr (BAESY) Q2 2024 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.053 Good morning, everyone. 00:00:02.053 -- 00:00:07.219 As you'll hear this morning, our 2024 interim results reflect an excellent and busy 00:00:07.219 -- 00:00:09.862 six months for the business. 00:00:09.862 -- 00:00:15.088 Before I go further, I want to thank our employees, trade unions and supply chain partners 00:00:15.088 -- 00:00:20.852 for all they do to ensure we deliver on our critical commitments to our customers. 00:00:21.495 -- 00:00:27.250 As we walk through today's presentation, we hope to leave you with three clear messages. 00:00:27.250 -- 00:00:32.378 First, we have upgraded our full year guidance across all our key metrics after 00:00:32.378 -- 00:00:37.685 another six months of strong operational and financial delivery with high quality earnings 00:00:37.685 -- 00:00:39.685 growth. 00:00:40.149 -- 00:00:44.996 Second, we continue to make significant strategic progress that positions us well for 00:00:44.996 -- 00:00:46.522 the future. 00:00:46.522 -- 00:00:51.690 In particular, AUKUS, the Global Combat Air Program, or GCAP, 00:00:51.690 -- 00:00:56.738 the integration of our new US space business, and the strengthening of our autonomous 00:00:56.738 -- 00:01:00.921 unmanned aircraft systems and drone capabilities. 00:01:01.044 -- 00:01:06.112 And third, we have the visibility and are delivering on our value compounding model 00:01:06.112 -- 00:01:11.119 with the demand backdrop in the past six months enhancing the potential upside to 00:01:11.119 -- 00:01:13.981 our base case expectations. 00:01:15.277 -- 00:01:20.183 This has been another excellent half, building on the high operational cadence we delivered 00:01:20.183 -- 00:01:22.343 in 2023. 00:01:22.746 -- 00:01:27.632 Good order intake and the inclusion of o...