9th May 2007 13:59
BAE SYSTEMS PLC09 May 2007 BAE SYSTEMS plc AGM STATEMENT 9 May 2007 Commenting at today's Annual General Meeting of the Company's shareholders, BAESystems Chairman, Dick Olver, reiterated the following outlook statementprovided on 7 May 2007: "The Company has reviewed the current trading outlook and has concluded that,notwithstanding the translation effects on the financial results of theCompany's US operations arising from recent weakness of the US dollar, BAESystems continues to anticipate a further year of good growth in 2007, inparticular from the Land & Armaments sector and from further progress in UKprogrammes. The Company anticipates good operating cash flow again in 2007." At the meeting it was also announced that the Board of Directors and Dick Olverhave agreed that Dick Olver's tenure as Chairman will be extended for anadditional three year term. The additional term is effective from 17 May 2007. Issued by BAE Systems plc London This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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