BAE Systems buoyed by overseas arms sales

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euronews (in English)
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Despite delays over a major contract with Saudi Arabia, Britain's BAE Systems has posted a smaller than expected fall in pre-tax profits. They were down more than six percent to the equivalent of 1.6 billion euros.

Investors were cheered by stronger overseas arms sales which translated into a higher dividend payout and a 1.16 billion euros share buyback plan.

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