British defence group BAE Systems expects more orders for its Typhoon eurofighter jet following completion of fresh talks with current and prospective customers, as it delivered its forecast for full-year earnings. The group said it is trading in line with expectations, and set to deliver a 5-10 percent rise in underlying earnings per share this year.
Reuters report: "Discussions with current and prospective operators of Typhoon aircraft continue to support group's expectations for additional contract awards," said BEA Systems on Thursday.
However Julian Bray aviation analyst and broadcaster points out that discussions - in the current political climate - between the UK Government and the Kingdom of Saudi Arabia over a mutual co-operation defence budget for the next five year period, may have an adverse impact on BAE Systems earnings. BAE products and services comprising a significant element of the mutual co-operation deal which in preparation for 'Brexit' is coming under close scrutiny.
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