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BAE SYSTEMS Trading Statement Released : 08 Nov 2021 07:00 RNS Number : 5734R BAE SYSTEMS PLC 08 November 2021 BAE Systems plc provides the following update . Charles Woodburn , BAE Systems Chief Executive , said : " We're evolving our business to be well positioned for growth over the medium term alongside a focus on longer - term value drivers as we ramp up investment in advanced technologies and progress our sustainability agenda . Our continued good operational performance underlines our confidence in the full year guidance for top line growth and margin expansion as well as our three - year cashflow target . " Demand for our capabilities remains high and we have a strong pipeline of opportunities across our broad geographic portfolio that will enable our skilled , global workforce to deliver capabilities which will support our customers in responding to the evolving threat environment . " Guidance Our 2021 guidance remains unchanged from the improved underlying position outlined at the interim results and is underpinned by continuing good operational performance . Sales • Underlying EBIT • Underlying EPS ( 1 ) ● BAE Systems plc - market update 2021 Free Cash Flow ( FCF ) ● Cumulative FCF 2021-2023 > £ 4bn Sector Electronic Systems 8 November 2021 ( 1 ) Excludes the one - off tax benefit of 2.9p ( 2 ) Before net benefit of c . £ 200m from the Broughton and Filton sale announced at the 2021 interim results Order flow Electronic Systems Our backlog and programme positions support growth over the medium term , and our pipeline of opportunities remains strong with continued demand for our capabilities . Notable strategically important awards announced since the half year include : P & S I & S + 3-5 % ( 2020 : £ 20,862m ) - Constant currency + 5-7 % + 6-8 % ( 2020 : £ 2,037m ) - Constant currency 10 % + + 3-5 % ( 2020 : 44.3p ) > £ 1.Obn ( 2 ) Air Air Maritime Contract 10 - year IDIQ : Life - cycle sustainment and technical support to the Limited Interim Missile Warning System program - up to $ 872m F - 35 EW System Sustainment over 5 years - $ 93m Concept Development Selection on Optionally Manned Fighting Vehicle ( OMFV ) program 5 - year Systems Engineering and Integration Support Services for US Navy - up to $ 478m Typhoon Future Synthetic Training - c . £ 220m Typhoon capability enhancements - c . £ 135m UK future submarine early design and concept - £ 85m