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British arms companies report huge profits thanks to 'global de-stabilisation and Western foreign policies'
'BAE Systems announced that – during the first half of this year – its net profits soared - with a 57 percent increase.
The British arms industry giant reported its huge windfall on Wednesday.
BAE Systems stated its revenue swelled to 11 billion pounds, an increase of 13 percent, while profits after taxes increased to 965 million pounds ($1.2 billion) during the first six months of 2023. This is compared with 615 million pounds in the same period last year.
Chief Executive Charles Woodburn declared “Our global footprint… and leading technologies enable us to effectively support the national security requirements and multi-domain ambitions of our government customers in an increasingly uncertain world.”
In a separate video that accompanies the company’s earnings statement, he acknowledges the profits are directly related to global destabilisation and Western foreign policies, particularly those of London and Washington, aimed at Russia and China. Woodburn says “I’m particularly proud of our support to Ukraine… We’ve delivered an excellent set of results.”'
https://www.zerohedge.com/markets/british-arms-industry-giant-reaps-huge-windfall-amid-russia-china-tensions
BAE Systems stated its revenue swelled to 11 billion pounds, an increase of 13 percent, while profits after taxes increased to 965 million pounds ($1.2 billion) during the first six months of 2023. This is compared with 615 million pounds in the same period last year.
Chief Executive Charles Woodburn declared “Our global footprint… and leading technologies enable us to effectively support the national security requirements and multi-domain ambitions of our government customers in an increasingly uncertain world.”
In a separate video that accompanies the company’s earnings statement, he acknowledges the profits are directly related to global destabilisation and Western foreign policies, particularly those of London and Washington, aimed at Russia and China. Woodburn says “I’m particularly proud of our support to Ukraine… We’ve delivered an excellent set of results.”'
https://www.zerohedge.com/markets/british-arms-industry-giant-reaps-huge-windfall-amid-russia-china-tensions
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