BAE Systems reports preliminary 2010 results

Global defence, security and aerospace company BAE Systems has reported its preliminary full-year results for fiscal 2010.

In comparison to 2009, headline sales increased by 1.8 per cent and underlying EBITA increased 0.8 per cent from to £2,214m following a charge of £100m, taken in respect of the terminated Trinidad and Tobago Offshore Patrol Vessel (OPV) programme.

Underlying earnings per share was 40.8p, up 1.7 per cent from 40.1p in 2009.

The total dividend was 17.5p, up 9.4 per cent from 16.0p in 2009, and a £500m market purchase of shares was completed.