The company, which specializes in selling aerial and naval military products, as well as munitions and warfare systems, recently announced job cuts and a scaling down of production due to a lack of demand.
However, the increase in fighting in Syria and Yemen has seemingly boosted demand and subsequently the company's sales.
BAE confirmed it had increased aircraft deliveries to Saudi Arabia and struck a deal to supply the Gulf kingdom with 22 more "Hawk Advanced Jet Trainer" aircraft, along with additional ground equipment training aids.
Concerns Over Saudi Sales
The announcement of increased profits comes at a time of high debate about arms sales to Saudi Arabia, with many campaigners concerned about reports of alleged Saudi war crimes and breaches and international law associated with Riyadh's bombing campaign against Houthi rebels in Yemen.
A number of international organizations have called for the British government to immediately suspend the sale of arms to Saudi Arabia and cancel revoke any licenses until a proper investigation into such claims is carried out.
A recent UN report found that 21 million people are in need of some sort aid in Yemen, with the country experiencing a "humanitarian catastrophe" as a result of the conflict, which has killed approximately 6,000 people, including 3,000 civilians, since March 2015.
CAAT spokesperson Andrew Smith told Sputnik the UK needed to review its policy in regards to exporting arms to Saudi Arabia if the humanitarian condition was to improve.
"The bombs have to stop and the best thing the UK can do would be to end all arms sales to Saudi Arabia. Since David Cameron took to office [in 2010] the UK has licensed £6.7 billion (US$9.6bn) worth of arms to Saudi Arabia and has given it huge support on the world stage."
UK Profiting From Conflict
The UK has been accused of cashing in on the conflict, with government statistics revealing British military sales to Saudi Arabia increased dramatically following Riyadh's March 2015 announcement that it would be undertaking an aerial campaign against Houthi rebels.
After Riyadh announced it would be leading an international military coalition in the country, the value of Britain's military sales to the Gulf kingdom surged from US$151 million (£107m) in the first quarter of 2015 (January-March) to US$2.4 billion (£1.7bn) in the second quarter (April-June).
This 16-fold increase was followed up by another US$1.6 billion (£1.1bn) worth of military sales to Saudi Arabia from July to the end of September as the coalition continued to attack targets in Yemen.