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BAE Systems plc is upgraded to Strong Buy after a pullback, with the market undervaluing its long-term growth despite near-term budget uncertainties. Recent share weakness reflects concerns over UK defense budget timing, but rising geopolitical tensions and ongoing contract wins support robust demand and backlog. BAESY offers a 33% upside to a $35.60 FY28 price target, with valuation now anchored to near-term earnings and none of the multi-year growth priced in.
Airbus to hold talks with BAE over role in GCAP jet programme, FT reports
BAESY secures a U.S. Space Force contract to develop advanced SATCOM terminals, strengthening its position in the growing military satellite communications market.
BAESY unveils MDACS and HPM technologies to strengthen missile defense and counter drone swarms as global demand for advanced air defense systems grows.
BAESY's $70.5M U.S. Navy Trident II D5 support contract runs through 2031, adding long-term visibility to its defense portfolio.
BAESY wins a $230.1 million ACV deal, expanding the production of recovery vehicles for the U.S. Marine Corps.
BAE Systems is among the potential bidders that are in the early stages of exploring an offer for Robin Radar Systems, three people familiar with the matter told Reuters.
JP Morgan has identified BAE Systems PLC (LSE:BA.) and Babcock International PLC (LSE:BAB) among European defence companies that it believes fit a preferred profile of long-duration order books and products that are difficult to substitute.