Business Segments BAE Systems plc

Equities

Market Closed - London S.E. Other stock markets 16:35:05 15/05/2026 BST			5-day change	1st Jan Change
1,850.50 ^GBX	-3.77%		-4.31%	+7.96%

05-15	Bae Systems delivers next-generation flight hardware for U.S. Space Force missile warning program	RE
05-14	Bae Systems Provides Upgraded Link 16 Test Capability for F-16 Aircraft	CI

Breakdown by Business Segment (GBP)

Fiscal Period: December	2021	2022	2023	2024	2025
Defense Electronics
Electronic Systems	4.49B	5.06B	5.46B	7.19B	7.51B
D&A	84M	91M	93M	307M	337M
Operating Income	766M	838M	878M	1.07B	1.16B
Military Aircraft
Air	6.91B	6.29B	6.52B	6.88B	7.37B
D&A	13M	1M	-	10M	16M
Operating Income	856M	849M	949M	1.01B	1.11B
Platforms & Services (UK)	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Marine Transportation Equipment
Maritime	3.34B	4.48B	5.39B	6B	6.58B
D&A	2M	-	-	5M	22M
Operating Income	288M	356M	425M	474M	457M
Military Armored Vehicles
Platforms & Services	3.32B	3.6B	3.84B	4.34B	5.02B
D&A	1M	-	-	-	-
Operating Income	259M	326M	354M	448M	576M
Security Software
Cyber & Intelligence	1.75B	2.2B	2.32B	2.41B	2.4B
D&A	1M	19M	20M	22M	39M
Operating Income	156M	232M	199M	199M	223M
General Management Services
Head Quarter (HQ)	36M	10M	10M	24M	52M
D&A	-	-	3M	-	-
Operating Income	-120M	-122M	-123M	-184M	-204M
Intra-Group Sales/Revenue	-329M	-382M	-459M	-535M	-592M
Aerospace and Defense Maintenance and Services
Platforms & Services (International)	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-

Geographical breakdown of sales (GBP)

Fiscal Period: December	2021	2022	2023	2024	2025
United States (US)	9.11B	10.16B	10.7B	12.56B	13.14B
Total Assets	9.71B	10.72B	10.17B	14.32B	13.21B
United Kingdom (UK)	3.94B	4.32B	6.1B	7.04B	7.88B
Total Assets	4.22B	4.56B	4.88B	5.9B	6.3B
Saudi Arabia	2.48B	2.54B	2.69B	2.89B	2.84B
Total Assets	449M	586M	533M	870M	810M
Rest of Europe	1.5B	1.82B	1.53B	1.73B	2.22B
Total Assets	1.48B	1.96B	2.06B	2.33B	2.36B
Australia	762M	853M	943M	1.16B	1.29B
Total Assets	487M	518M	499M	467M	513M
Total Assets	-	-	-	-	-
Total Assets	-	-	-	-	-
Total Assets	-	-	-	-	-
Total Assets	-	-	-	-	-
Total Assets	-	-	-	-	-
Total Assets	-	-	-	-	-
Total Assets	-	-	-	-	-
Rest of Asia and Pacific	285M	283M	264M	354M	358M
Total Assets	5M	5M	8M	8M	8M
Qatar	1.01B	885M	450M	259M	252M
Total Assets	1.97B	2.47B	2.14B	2.5B	2.34B
Canada	141M	125M	177M	189M	227M
Other	-	-	-	129M	132M
Rest of Middle East	275M	225M	178M	-	-
Africa, and Central and South America	23M	42M	44M	-	-