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BAE lifts 2008 outlook on demand for armoured cars
Fri Aug 1, 2008 8:52 AM BST
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By Mark Potter
LONDON (Reuters) - BAE jaguar cars Systems, Europe's biggest defence company, lifted 2008 earnings expectations on Friday as it beat first-half forecasts, boosted by strong demand for armoured vehicles for war best cars for drifting zones in Iraq and Afghanistan.
The firm said earnings before interest, tax and amortisation (EBITA) leapt 26 percent to 881 million pounds used cars albany ny in the six months to June 30.
Excluding a 61 million pound profit on the porsche speedster kit cars disposal of its surveillance and attack business, this beat analysts' average forecast of 796 million pounds, according to a company poll.
However, a 12 percent rise in sales to 7.75 billion disney cars decorating ideas pounds was below some analysts' forecasts, held back by a 19 percent drop in sales at the firm's Programmes & Support business due to a transition on its Typhoon fighter jets programme.
Chief Executive Mike Turner, who will be succeeded by Chief Operating Officer Ian King next month, said demand was driven by a 29.5 percent rise in sales, excluding fast lane cars acquisitions, of armoured cars -- particularly mine-resistant ambush-protected (MRAP) used cars in jacksonville fl vehicles.
"We have cars causes a lot of long-term business in that sector, but clearly we are benefiting from current operations in Iraq camaro model cars and Afghanistan," he told reporters.
BAE, the world's third-biggest defence company, cars for sale under said its order how do gm cars rank environmentally book stood gardner motor cars at a record 41.1 billion pounds, up from 31.7 billion the same time last year, and Finance Director hot grils and hot cars George Rose hendrick automotive used cars expected analysts to lift their 2008 profit forecasts. Continued...
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