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BAE SYSTEMS Trading Statement Released : 19 May 2021 07:00 RNS Number : 0632Z BAE SYSTEMS PLC 19 May 2021 19 May 2021 BAE Systems plc - market update BAE Systems plc provides the following update . Charles Woodburn , BAE Systems Chief Executive , said : " I am proud of how our employees have continued to perform and adapt this year , against the backdrop of the global pandemic . Our focus for 2021 is driving operational performance , progressing our sustainability agenda and investing in and developing the technologies to meet our customers ' needs . " Our good operational performance underlines our confidence in the full year guidance for top line growth and margin expansion and our three - year cash targets . Strategically , our geographically diverse portfolio is aligned to growing defence budget areas ; we're ramping up investment in self - funded R & D aligned to customer focus areas and we're leveraging our leading capabilities in evolving markets to ensure we're increasingly well placed to deliver for all our stakeholders . " Guidance At a constant currency , Group sales and underlying EBIT growth expectations in the full year 2021 guidance remain on track . The Group's full year 2021 guidance across all other metrics is unchanged . ( 1 ) Operational Update 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 . Demand Outlook Our backlog and programme positions support our growth expectations in the coming years , and the pipeline of opportunities across all sectors remains strong . Demand for our capabilities remains high with order intake ahead of expectations . Notable new and strategically important awards received to date include : Sector Electronic Systems Electronic Systems Electronic Systems Platform & Services Platform & Services Platform & Services Contract F - 16 support : IDIQ worth up to $ 600m over 10 years F - 15 EPAWSS LRIP Advanced Military Code GPS modules - $ 325m Amphibious Combat Vehicle build - $ 200m Netherlands CV90 upgrade - over $ 500m Sweden BvS10 new vehicles - c . $ 200m