British BAE Systems, one of the world’s largest manufacturers of military equipment, announced a record number of orders in 2022, following the start of a special military operation in Ukraine. It has been reported Defense Post.
According to the publication, the company’s total orders for 2022 were $44.7 billion. UAE CEO Charles Woodburn said this gave the company “confidence to drive long-term growth and continue to invest in new technologies, facilities and thousands of high-tech technologies.” skilled work.” while increasing shareholder returns.
The publication quoted the company’s report, “Many of the countries in which we operate have announced or are planning to increase spending to address the growing threat.”
It was also noted that the price of UAE shares on the London Stock Exchange rose by about 50% during the year.
BAE Systems manufactures Typhoon, Tornado, Hawk fighter jets, Challenger 2 tanks, CV90, Warrior, Bradley infantry fighting vehicles, M777 howitzers, missiles, submarines, surface ships and aircraft carriers (eg HMS Queen Elizabeth).
The company also has a 49% stake in the Kazakh airline Air Astana.
It was previously reported that BAE Systems is considering the possibility of restarting production of M777 howitzers used in hostilities in Ukraine.
It was noted that the company stopped production of howitzers, but interest in them began to grow – several Eastern European countries became interested in the M777.
Now BAE Systems is in talks with the US Army, which is developing howitzer technology, about a possible resumption of howitzer production.
According to the British company, it will take 30 to 36 months to start production of the M777.