BAE Systems raises cash flow forecast
BAE Systems raised its annual free cash flow forecast to three billion pounds. Strong global demand for defense equipment drove the increase. The company maintained its profit and sales growth guidance.
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BAE SYSTEMS PLC lifted its annual free cash flow forecast to £3B from £2B on Thursday morning following customer advances. The upward revision follows increased global military spending that bolstered the firm's order intake. The upgrade highlights sustained demand across major defense programs in the United Kingdom.
