Amid the surge in NATO members’ military spending as a result of the war in Ukraine, BAE Systems announced that - during the first half of this year - its net profits soared with a 57 percent increase. The British arms industry giant reported its huge windfall on Wednesday. BAE Systems stated its revenue swelled to 11 billion pounds, an increase of 13 percent, while profits after taxes increased to 965 million pounds ($1.2 billion) during the first six months of 2023. This is compared with 615 million pounds in the same period last year. Chief Executive Charles Woodburn declared “Our global...
