BAE profits up 3% to £1.9bn

DEFENCE chiefs backing controversial plans to consolidate shipbuilding on the Clyde was billed as a highlight when BAE Systems announced its trading figures for 2013.

Loading Comments

BAE - the world's biggest defence contractor based outside America -revealed pre-tax profits of £1.9billion, up 3%, and a 2% rise in sales of £18.2bn. However, profits after tax plummeted by 82% to just £175million when the value of its US businesses were written down by £887m as a result of White House military spending restrictions.

BAE employs 3000 workers in its Glasgow shipyards, but is expected to axe Govan and build a multi-million pound frigate factory at its Scotstoun site.


Commenting & Moderation

We moderate all comments on Evening Times on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.


Have you got a story?

Contact the news desk on 0141 302 6520 or email
Games news:

Sussed in the city

Michelle McManus

Special cause helped me to keep off wine

Times Out



TV Advert
Janice Bell

Janice Bell

You couldn’t make up half the stuff that happens to PA Janice Bell- some of the jams she gets herself into are worth a story or two.

Games news:

Putting the world to rights

Gail's Gab

Hallowe’en, scaremongering reports and loom bands.

Cat’s Eyes on Glasgow

Cat’s Eyes on Glasgow

Cat Cubie’s job is to find and share with you the fabulous things the city has to offer, from gigs to gastro.