BAE Systems report 2012 preliminary results

For the full year 2012 BAE Systems sales reduced by 7%, underlying EBITA reduced by 6% to £1,895m. Deferred recognition of sales and profit relating to the formalisation of price escalation on the Salam Typhoon programme. Underlying earnings per share down by 2% (excluding the benefit in 2011 of the UK tax settlement). Order backlog increased by 8% to £42.4bn. Non-US and UK order intake increased to £11.2bn from £4.8bn in 2011. Total dividend increased by 4% to 19.5p. Operating business cash flow increased to £2.7bn. BAE Systems reported net cash balance of £387m.