British military hardware manufacturer BAE Systems said on Thursday that it received a record number of orders last year, tying the achievement to the ongoing conflict in Ukraine.
Total bookings in 2022 were £37.1 billion ($44.7 billion) and BAE Systems said it expects the defense corporation’s “renewed importance in the Ukraine conflict will benefit” in the future.
BAE Systems CEO Charles Woodburn says that “record orders and financials give” the company “the confidence to deliver long-term growth and continue to invest in new technologies, facilities and thousands of high-skill jobs while increasing shareholder returns.”
Meanwhile, a record year for Britain’s biggest defense maker pushed back orders to £59bn.
However, on such optimistic financial forecasts, the group’s shares fell by 1.2% on the basis of trading in London last Thursday.
Last week it became known that BAE Systems received a contract worth $ 466 million for the supply of self-propelled artillery systems (ACS) M109A7 Paladin for the US Army. According to a statement from the US Department of Defense, the deal includes the delivery of M992 Field Artillery Ammunition Support Vehicles. The exact number of ordered howitzers and related equipment was not disclosed.