Well someone seems happy:
Strategic Defence and Security Review (SDSR)
• The business is planned on conservative assumptions and although the detail behind the changes identified by the SDSR will take some time to refine, the removal of a number of uncertainties with regard to our UK business is welcomed.
• BAE Systems has made allowances in its planning assumptions for possible changes and has accelerated efficiency improvements to both mitigate likely reductions in activity and to improve programme affordability for the UK customer.
• Some modest impact on UK performance for 2010 is anticipated with a reduction in the Group’s financial planning assumptions resulting in an approximately one pence reduction in earnings per share, per annum, thereafter.
• The Company will now work with the UK Ministry of Defence to address the detailed programme implications of the changes.
Taken from
BAE Systems PLC ? Business Update - BAE Systems