BAE Systems sees flat earnings in 2015 on Typhoon production cut

Europe's biggest defence company BAE Systems plc warned on Thursday it would see no growth in earnings in 2015 after it reduced the rate of production of Typhoon aircraft and said it would cuts jobs in Britain and Australia. The downgrade brings the company in line with current market expectations, as analysts recognized a big order from Saudi Arabia for the jets was unlikely to land this year. BAE said in February that for 2015 it expected underlying earnings per share to be marginally higher t