BAE profit jumps 27%, lifted by military needs: sales increase 8.1% as U.S. operations continue to expand

First-half net profit for UK defense contracting firm BAE Systems PLC rose 27% to reach $1.05 bil, due in part to US demand for its Mideast military operations. However, the US Department of Justice is investigating BAE concerning anticorruption law compliance, specifically regarding its business with Saudi Arabia.