BAE Systems backs guidance

BAE Systems PLC (BA.LN) said Thursday that it backs its full-year guidance and expects group underlying earnings per share in 2018 in line 2017, with some small benefit from foreign-exchange translation.

The weapons maker said it remains focused on the its long-term contracts in air and maritime defense, noting the British government’s recent budget announcement reemphasized the U.K.’s commitment to strong defense and security.

BAE Systems said the ramp-up of its F-35 program is progressing well.

The company said the impact of Brexit to its operations will likely be limited: It has experienced very little U.K. to European Union trading or movement of EU nationals into or out of its businesses.

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