BAE Systems have announced their full year results for 2012, with strong trading in a number of areas.
Announcing the results for the year, Ian King, Chief Executive,
BAE Systems said, "BAE Systems continues to deliver a robust
performance with strong trading in a number of areas. Our
geographic diversity is providing resilience and in particular, we
have made excellent progress in international markets achieving a
non-US and UK order intake of £11.2bn. This has resulted in
an 8% increase in our order backlog to over £42bn. We have closed
the year with a strong balance sheet and are well positioned for
the future."
BAE Systems, employing approximately 3,000 people at its
shipyards on the Clyde and 600 at other Scottish locations. Sales
for the year exceeded £1.7bn.
Mick Ord, Managing Director of BAE Systems Maritime - Naval
Ships, said: "The last 12 months have once again showcased the
fantastic skills and capabilities within BAE Systems in
Scotland.
"We've delivered all of the major hull sections of the first
Queen Elizabeth aircraft carrier to Rosyth, where the ship is
taking shape in the dry dock, and construction on the Prince of
Wales is well advanced across our yards. Meanwhile the Type 45
programme is moving to an important phase of supporting the ships
in service with the Royal Navy, as we prepared to deliver the final
ship and our engineering teams are working hard to progress the
design of the Type 26 Global Combat Ship."
Source: BAE Systems