Summary: BAE Systems PLC - S&P Global Ratings’ Credit Research

Summary: BAE Systems PLC

Summary: BAE Systems PLC - S&P Global Ratings’ Credit Research
Summary: BAE Systems PLC
Published Oct 12, 2018
Published Oct 12, 2018
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Well-established market position as the world's third largest global defense contractor. Order backlog of £39.7 billion (as of June 30, 2018)--equivalent to about 2.1x 2017 revenues. Active across diverse and long-term air, sea, and land military programs, but geographically concentrated on the U.S., U.K., and Saudi Arabia. Balanced range of business activities, with services and support the largest activity by revenues (45% of 2017 revenues). Supportive market environment, with global defense spending increasing by around 3% annually, with growth above this level in the U.S., BAE's largest market. Reliance on government defense spending and the outcome of government procurement decisions. Inherent project execution risks and price competition, but well managed as shown by low volatility in S&P Global Ratings-adjusted EBITDA

  
Report Type:

Summary

Ticker
BA/@LN
Issuer
GICS
Aerospace & Defense (20101010)
Sector
Global Issuers, Structured Finance
Country
Region
United States
Format:
PDF Adobe Acrobat
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BAE Systems PLC – 2018/10/12 – US$ 500.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: BAE Systems PLC" Oct 12, 2018. Alacra Store. Oct 15, 2018. <http://www.alacrastore.com/s-and-p-credit-research/Summary-BAE-Systems-PLC-2112750>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: BAE Systems PLC Oct 12, 2018. New York, NY: Alacra Store. Retrieved Oct 15, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-BAE-Systems-PLC-2112750>
  
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