Bae Systems Plc S/Adr (BAESY) Q4 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.385 -- 00:00:03.329 Hello, everyone, and thank you for joining us this morning. 00:00:03.329 -- 00:00:07.254 I'm incredibly proud of the results we're reporting today and of the contributions our 00:00:07.254 -- 00:00:12.019 people have made to achieve another year of strong financial and operational performance 00:00:12.019 -- 00:00:15.944 as we continue to support our customers around the world. 00:00:15.944 -- 00:00:18.227 There are three areas I'd like to focus on today. 00:00:18.227 -- 00:00:19.989 First, 00:00:19.989 -- 00:00:25.176 our 2024 financial performance, where we've produced strong top line and earnings growth 00:00:25.176 -- 00:00:29.040 with better than expected cash flow and order intake. 00:00:29.040 -- 00:00:34.372 Second, The steps we've taken to continue shaping our portfolio to higher growth, technology 00:00:34.372 -- 00:00:39.839 focused and strategically important domains such as space, drones, counter drones 00:00:39.839 -- 00:00:42.460 and electronic warfare. 00:00:42.583 -- 00:00:47.569 And third, confidence in our outlook, which is driven by our record backlog, reflecting 00:00:47.569 -- 00:00:51.787 the sustainability of our value compounding business model. 00:00:51.787 -- 00:00:56.453 Taking a look at the broader backdrop, defense spending globally has continued to strengthen 00:00:56.453 -- 00:01:01.400 since this time last year, reflecting the elevated threat environment. 00:01:01.400 -- 00:01:05.486 Our programs and technologies across the group, including our electronic warfare and 00:01:05.486 -- 00:01:10.673 space capabilities, precision strike and tactical systems, AI, AUKUS, 00:01:10.673 -- 00:01:15.399 and the Global Combat Air Program, or GCAP, are delivering for our customers today and 00:01:15.399 -- 00:01...