UK-based global major aerospace and defence group BAE Systems (BAES) has reported strong full-year results for 2020. The group is active in the aerospace, maritime (including shipbuilding), armoured vehicle, cyber and intelligence, and electronic systems domains of defence. Only a very small part of the group’s business is concerned with commercial aviation. During last year, the group achieved an operating profit of £1.930-billion, an increase of £31-million from the £1.899-billion obtained in 2019. Revenues came to £19.277-billion in 2020, again an increase over 2019, when they had totalled £18.305-billion. The net cash flow from operating activities was down, however, coming to £1.166-billion last year compared to £1.597-million the year before.