Strong Financial Performance
The company secured more than GBP 1 billion of orders with a book-to-bill ratio of 1.3. Revenue increased by 7% and operating profit rose by 7%, maintaining a stable margin of 11.3%. Underlying basic earnings per share increased by 6%.
Significant Contracts and Growth Opportunities
Notable contracts include a 10-year EUR 284 million contract for Aerial Training Services in Germany, a 3-year GBP 150 million contract for British Army communications, and significant growth in the U.S. with a new Aerial Target Systems contract.
Strong Cash Flow and Shareholder Returns
Cash conversion was strong at 84%, with leverage at 0.6x. The company extended its GBP 100 million share buyback program by a further GBP 50 million and maintained a 7% dividend growth.
Strategic Growth and Pipeline
The company's pipeline is robust, with opportunities worth more than GBP 15 billion. Significant pipeline opportunities include the U.K. long-term partner agreement extension and the U.S. Tethered Aerostat Radar System program in Poland.