Summary
DEFENCE sector giants BAE Systems and Rolls-Royce yesterday both reported higher first-half profits, driven by growing services revenues, and said tight cost controls and demand from emerging markets would help deliver further growth.
BAE, Europe's largest arms contractor, reported a 14 per cent rise in first-half profit, helped by strong growth and its customer support and services business, which covers maintenance and upkeep of military assets.See the full content of this document
Extract
Nothing Defensive About Rolls-Royce and Bae Results
Engine and turbine maker Rolls-Royce posted a 4 per cent rise in firs...
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