BAE Systems logs 12% drop in 2020 net profit to £1.3 bn

British military equipment maker BAE Systems said Thursday that annual net profit fell as a result of coronavirus disruption. Profit after tax sank 12 percent to almost £1.3 billion ($1.8 billion, 1.5 billion euros) last year, down from nearly £1.5 billion in 2019, BAE said in a statement. The first half...

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