Home Kent Business County news Article
BAE Systems, which has site in Rochester, sees sales soar to £20bn
09:56, 24 February 2020
updated: 09:58, 24 February 2020
BAE Systems - one of the county's biggest employers - has seen a rise in sales, with its Kent operation highlighted as one of the "stand-out sectors" in the business.
The aerospace and weapons firm, which has sites around the world, saw sales rise 7% to £20.1billion in 2019 - up from £18.4bn the year before.
And that delivered an operating profit for the year of £1.9bn - up from £1.6bn in 2018.
Its site in Rochester, which handles electronic systems, was highlighted by Charles Woodburn, BAE's chief executive. He said: "Last year was a good year for the company.
"Stand-out were the air sector and electronic systems - both had outstanding years."
Key among the Medway site's successes were the design and development and manufacturing of its Active interceptors - control sticks used for Gulstream aircraft - and work on zero emissions engines for buses.
Mr Woodburn added: "Last year was one of significant progress for BAE Systems.
"We delivered a good set of financial results in line with guidance, growing sales and earnings, with improved operational performance and increased investment in the business to underpin our growth outlook.
"We have a large order backlog and remain focused on strong programme performance to deliver a sustainable business model with enhanced financial performance.”
Head to our business page for all of the latest news about businesses in Kent.
Latest news
Beauty therapist left with head injury after being ‘glassed’ on a night out
Coroner orders hospital bosses to take action after teacher’s ‘avoidable’ death
Man accused of murdering dad of three outside pub: ‘I only wanted to scare him off’
Kent garden centres saved amid wave of nationwide closures
Most popular
- 1
Motorway blocked due to ‘police incident’
- 2
Inside late TV star’s multi-million-pound home
10 - 3
Everything we know about the Russian ship stranded off Kent carrying explosives
29 - 4
No end in sight for ‘absolute disaster’ one-way system
21 - 5
‘The nursery called and said ‘don’t panic - but she’s choked’’
8