Business Segments BAE Systems plc

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09-18	Poland's PGZ is in talks on explosives production in Canada, deputy CEO says	RE
09-17	Bae Systems OneArc Integrates Commercial Embedded Training on U.S. Army Combat Vehicles During Force Development Innovation & Assessment	CI

Breakdown by Business Segment (GBP)

Fiscal Period: December	2021	2022	2023	2024	2025
Defense Electronics
Electronic Systems	4.49B	5.06B	5.46B	7.19B	7.51B
D&A	84M	91M	93M	307M	337M
Operating Income	766M	838M	878M	1.07B	1.16B
	-	-	-	-	197M
Military Aircraft
Air	6.91B	6.29B	6.52B	6.88B	7.37B
D&A	13M	1M	-	10M	16M
Operating Income	856M	849M	949M	1.01B	1.11B
Platforms & Services (UK)	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
	-	-	-	-	54M
Marine Transportation Equipment
Maritime	3.34B	4.48B	5.39B	6B	6.58B
D&A	2M	-	-	5M	22M
Operating Income	288M	356M	425M	474M	457M
	-	-	-	-	72M
Military Armored Vehicles
Platforms & Services	3.32B	3.6B	3.84B	4.34B	5.02B
D&A	1M	-	-	-	-
Operating Income	259M	326M	354M	448M	576M
	-	-	-	-	73M
Enterprise Software
Cyber & Intelligence	1.75B	2.2B	2.32B	2.41B	2.4B
D&A	1M	19M	20M	22M	39M
Operating Income	156M	232M	199M	199M	223M
	-	-	-	-	152M
Aerospace and Defense Maintenance and Services
Head Quarter (HQ)	36M	10M	10M	24M	52M
D&A	-	-	3M	-	-
Operating Income	-120M	-122M	-123M	-184M	-204M
Platforms & Services (International)	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
	-	-	-	-	44M
Intra-Group Sales/Revenue	-329M	-382M	-459M	-535M	-592M

Geographical breakdown of sales (GBP)

Fiscal Period: December	2021	2022	2023	2024	2025
United States (US)	9.11B	10.16B	10.7B	12.56B	13.14B
Total Assets	9.71B	10.72B	10.17B	14.32B	13.21B
	-	-	-	-	358M
United Kingdom (UK)	3.94B	4.32B	6.1B	7.04B	7.88B
Total Assets	4.22B	4.56B	4.88B	5.9B	6.3B
Saudi Arabia	2.48B	2.54B	2.69B	2.89B	2.84B
Total Assets	449M	586M	533M	870M	810M
	-	-	-	-	13.14B
Europe (excluding UK)	1.5B	1.82B	1.53B	1.73B	2.22B
Total Assets	1.48B	1.96B	2.06B	2.33B	2.36B
	-	-	-	-	7.88B
Australia	762M	853M	943M	1.16B	1.29B
Total Assets	487M	518M	499M	467M	513M
Total Assets	-	-	-	-	-
Total Assets	-	-	-	-	-
Total Assets	-	-	-	-	-
Total Assets	-	-	-	-	-
Total Assets	-	-	-	-	-
Total Assets	-	-	-	-	-
Total Assets	-	-	-	-	-
	-	-	-	-	252M
Asia and Pacific (excluding Australia)	285M	283M	264M	354M	358M
Total Assets	5M	5M	8M	8M	8M
	-	-	-	-	1.29B
Qatar	1.01B	885M	450M	259M	252M
Total Assets	1.97B	2.47B	2.14B	2.5B	2.34B
Canada	141M	125M	177M	189M	227M
Other	-	-	-	129M	132M
	-	-	-	-	227M
Rest of Middle East	275M	225M	178M	-	-
	-	-	-	-	2.84B
Africa, and Central and South America	23M	42M	44M	-	-
	-	-	-	-	132M
	-	-	-	-	2.22B