BRITISH AEROSPACE PLC &lt;BAEL.L> 1986 YEAR

  Shr 51.4p vs 56.4p
      Div 11.0p making 17.4p, a 10 pct increase on 1985
      Turnover 3.14 billion stg vs 2.65 billion
      Pretax profit 182.2 mln vs 150.5 mln
      Tax 53.8 mln vs 23.5 mln
      Note - comparisons restated.
      Trading profit 217.2 mln vs 211.1 mln
      Launching costs 47.6 mln vs 51.6 mln
      Share of profit of related companies 3.6 mln vs 3.4 mln
      Net interest receivable 9.0 mln vs 12.4 mln payable
      Extraordinary debit 44.1 mln vs nil
      Trading profit includes  -
      Civil aircraft 7.7 mln loss vs 2.5 mln loss
      Military aircraft and support services 146.0 mln vs 148.3
  mln
      Guided weapon and electronic systems 139.7 mln vs 127.8 mln
      Space and communications 1.9 mln vs 2.0 mln loss
      Company funded research and development 62.7 mln loss vs
  54.9 mln
      Reorganisation costs nil vs 5.6 mln loss
      Launch costs include -
      BAe 146 17.1 mln vs 27.3 mln
      Airbus 19.4 mln vs 6.9 mln
      BAe 125-800 0.3 mln vs 1.5 mln
      ATP 10.8 mln vs 15.9 mln
  

