BAE profits soar on Iraq conflict
Submitted by antarchi on August 20, 2007 - 23:34
* Work to re-equip UK and US troops in Iraq and Afghanistan has helped profits to soar at defence group BAE Systems.
* The UK's largest defence firm, BAE made a pre-tax profit of £657m ($1.4bn), compared with £378m a year earlier.
* Overall sales at BAE's Land & Armaments business, which includes everything from tanks to munitions, rose 43%.
