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BAE Systems says profits boosted by defence demand

BAE Systems' net profits rose almost five percent to £408 million in the six months to the end of June, compared with £390 million a year earlier, the firm said in a results statementBAE Systems, the British maker of military equipment, posted a modest increase in first-half profits Thursday on the back of rebounding demand from governments worldwide. Net profits rose almost five percent to £408 million ($536 million, 487 million euros) in the six months to the end of June, compared with £390 million a year earlier, BAE said in a results statement. “Despite economic and political uncertainties, governments in our major markets continue to prioritise national security, with strong demand for our capabilities,” said chief executive Ian King.

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