0838 GMT - BAE Systems' trading update is encouraging, says Berenberg analyst George McWhirter. The U.K. defense company's integration of Ball Aerospace and of the space and mission systems business appears to be progressing well, he says. Revenue growth is still being led by BAE's maritime and platform and services divisions, McWhirter writes in a note to investors. Its order intake stands at 25 billion pounds year to date. This implies a book-to-bill ratio at year-end of close to 1, assuming no large orders are booked in December, the analyst says. Shares are up 1.15% at 14.10 pounds. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
November 12, 2024 03:38 ET (08:38 GMT)
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