BAE Systems forecasts earnings growth of up to 10 percent in 2016 ​

BAE Systems , the world's third-largest defence contractor by revenue, forecast that annual earnings would grow by up to 10 percent this year as defence budgets recover and demand for cyber and commercial electronics grows. BAE was buoyed in November when after years of cuts, Britain increased its budget for defence equipment, while it is also expected to benefit from improving military spend in the United States. BAE posted adjusted underlying earnings per share (EPS) of 36.6 pence in 2015 on T