Bae Systems Plc S/Adr (BAESY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, and thank you for standing by. Welcome to BAE Systems twenty twenty six Half Year Results. At this time all participants are in a listen only mode. After the speakers' presentation there will be a question and answer session. To ask a question during the session you need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one-one again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Paul Checketts, Director of Investor Relations. Please go ahead. Good morning. Welcome to BAESYstems twenty twenty six half year results. I'm Paul Checketts, and I'm here with Charles Woodburn, our Chief Executive Brad Greave, our Chief Financial Officer and Tom Arsenault, chief executive of our Inc. Business. Charles, I'll hand over to you. Hello, everyone, and thank you for joining us this morning. Before we begin, I want to thank our employees, trade unions, and supply chain partners for the tireless work they do to ensure we deliver on our commitments to our customers. The world has remained highly volatile in 2026, and delivering reliably is vitally important given the increased threats to global security. There are three key messages I'd like to leave you with today. First, we've delivered strong results in the first six months with good growth in sales, profit, earnings per share, order intake, and cash. This strong performance leads us to upgrade our full year guidance. We now expect earnings per share to grow by 11% to 13% in 2026 and free cash flow to be greater than £2,000,000,000. Second, the breadth of our business across geographies, domains, and product types puts us in an exceptionall...