ARLINGTON (dpa-AFX) - UK-based aerospace company BAE Systems Plc (BA.L), Wednesday, in its market update, said its Group sales and underlying EBIT growth expectations for full year 2021 remain
TOP NEWS: BAE Systems confident as trades in line with forecasts
Wed, 19th May 2021 08:55
(Alliance News) - BAE Systems PLC on Wednesday said its good operational performance so far in 2021 underlined overall confidence in its full-year outlook.
The London and Farnborough-headquartered security and aerospace company said Air, Maritime, Electronic Systems and Intelligence & Security units continue to perform strongly and there was positive momentum in Platforms & Services.
The FTSE 100-listed company also noted that combat vehicle production across multiple platforms continued to ramp and is on track to meet agreed delivery schedules. Applied Intelligence has had a good start to 2021, with improved performance together with realised benefits from the restructuring.
Market update
At a constant currency, Group sales and underlying EBIT growth expectations remain on track and the Group s full year 2021 guidance across all metrics remains unchanged.
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Whilst there remain uncertainties arising from the COVID-19 pandemic, progress continues in combatting the virus under the vaccination programme in our major markets and our good operational performance underlines our overall confidence in the full year guidance.
Air, Maritime, Electronic Systems and Intelligence and Security continue to perform strongly and there is positive momentum in Platforms & Services (US). Combat vehicle production across multiple platforms continues to ramp and is on track to meet agreed delivery schedules, and US ship repair performance is improving following COVID-19 and other disruptions experienced last year. Applied Intelligence has had a good start to the year with improved performance together with realised benefits from the restructuring.
Overview of Automotive
On-board Diagnostics Market
Automotive on-board diagnostics (OBD) market has made continuous strides to meet a wide range of vehicle monitoring and maintenance applications, and remote diagnostic solutions. Most extensively, vehicle owners and OEMs have leveraged the sensor and software technologies encompassed by on-board diagnostics for emission monitoring and the overall health of the vehicles. OBD typically includes black box event data recorders, vehicle tracking control units, and other electric control units. Over the years, the revenue potential has grown remarkably, circumscribing a wide range of stakeholders in the ecosystem. For instance, OEMs, software developers, and insurance providers have been able to see new revenue streams in the telematics. The value chain of the automotive on-board diagnostics market is fast expanding, with on-board diagnostics becoming a part of the driverless cars and electric vehicles. Two prominently lucrative areas a
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