BAE Systems agreement

A global defence, aerospace and security company. BAE Systems delivers a range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and support services.  I have a holding in my income portfolio (epic code: BA.)

So finally the negotiations regarding the settlement of contractual pricing on the Salam Typhoon agreement has been agreed.  Management state that "...The terms of the agreement are broadly consistent with the Group's prior trading outlook for 2013.  Cash settlement is expected to follow this pricing agreement, commencing in the early part of 2014..."  So that would be 6-7p on EPS


At the time of their last update on these negotiations in December they mentioned that "...A timely agreement in the new-year would be reflected in trading for 2013..."  Their results are due tomorrow, so this probably just makes it!