BAE’s final 2016 results are out today – all is as expected. Trading measures up (albeit helped by exchange rates), dividends up and plenty of good news on key projects, particularly the high profile Oman Typhoon and QEC carriers. Both UK projects remain on track to enter delivery and build phase, respectively. All good news for investors and suppliers (c.1,000 UK-based) alike. 

Overall, everything appears in good shape for when Charles Woodburn steps up as CEO in June. In many ways, an unenviable position of inheriting some strong pipelines and very buoyant aero, defence and cyber markets (the latter being particularly rapid growth c.12%+ p.a.) There are high expectations...