BAE Systems plc has announced the purchase of its own ordinary shares as part of its share repurchase program. The company bought 170,904 ordinary shares from Morgan Stanley & Co. International plc on 11 January 2024. The highest price paid per share was 1,170.50p, the lowest was 1,158.00p, and the volume-weighted average price paid per share was 1,167.07p. The purchased shares are intended to be canceled.

Since 1 June 2023, BAE Systems plc has purchased 22,671,178 shares at a cost of £232,048,434.40 as part of the third tranche of the Buyback Programme. A full breakdown of the individual trades made by Morgan Stanley & Co. International plc on behalf of the Company is available in the attached document.

This announcement does not constitute an offer for securities in any jurisdiction. It will be available on the Company's website for reference. For further information, investors can contact Martin Cooper, Investor Relations Director, and for media inquiries, Kristina Anderson, Director of Media Relations.

This transaction reflects the company's commitment to its share repurchase program and its confidence in its financial position and future prospects.