BAE profits fall, counts on government defence spend: "BAE Systems, the British maker of military equipment, announced a drop in annual net profit on Thursday but said it expected government defence spending to remain a priority.
Profit after tax dropped 6.5 percent to 854 million ($1.19 billion, 967 million euros) in 2017 compared with a year earlier, with the group hit by a sizeable impairment linked to its cyber security unit, BAE said in an earnings statement.
Group revenue meanwhile grew 3.0 percent to 18.32 billion.
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