Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBAE Systems Share News (BA.)

Share Price Information for BAE Systems (BA.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,339.00
Bid: 1,336.00
Ask: 1,336.50
Change: -7.50 (-0.56%)
Spread: 0.50 (0.037%)
Open: 1,351.00
High: 1,359.00
Low: 1,335.50
Prev. Close: 1,346.50
BA. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

BAE holds guidance, sees boost from global tensions

Thu, 09th May 2024 07:02

(Sharecast News) - Weapons maker BAE Systems held annual guidance and said global geopolitical tensions should boost orders as countries increased defence spending.

The group still expects sales to rise 10% to 12% above 2023's £25bn and underlying earnings before interest and tax 11% to 13% better than the £2.7bn posted last year as the Ukraine war and tensions with superpower China continue.

"Defence spending is high across our sectors and key markets. The recent passing of the US supplemental aid package to Ukraine and the commitment by the UK government to spend 2.5% of GDP by 2030 should build further positive momentum," the company said in a trading update ahead of its annual shareholder meeting.

BAE in March won the massive contract to help Australia build nuclear-powered submarines under the AUKUS security pact, and the company said it was well-positioned to cash in on further developments.

"With our global presence and wide portfolio of high-end technologies and services, any further expansion of the current AUKUS programme would enhance our long-term opportunity pipeline," the company said.

Hargreaves Lansdown analyst Aarin Chiekrie said the figures were boosted by the group's acquisition of Ball Aerospace, with integration of the business - know called Space & Mission Systems - progressing well.

"The current £1.5bn three-year share buyback programme is moving full steam ahead, now 90% complete after less than two years. And thanks to impressive cash generation, it's set to be followed up by another three-year buyback programme of the same size, putting extra cash back in shareholders' pockets," he said.

Reporting by Frank Prenesti for Sharecast.com

More News
21 Jun 2024 09:28

LONDON BROKER RATINGS: Barclays cuts Ryanair and Wizz Air

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

Read more
21 Jun 2024 07:56

JPMorgan lifts BAE Systems price target, points to 'exciting' list of potential new contracts

(Sharecast News) - JPMorgan Cazenove lifted its price target on BAE Systems on Friday to 1,500p from 1,400p as it pointed to an exciting list of potential new contracts.

Read more
18 Jun 2024 08:36

IN BRIEF: Melrose Industries hires former British Land CEO as chair

Melrose Industries PLC - Birmingham, England-based aerospace firm with Engines and Structures divisions that were formerly part of GKN - Hires Chris Grigg to be non-executive chair, joining the Melrose board on October 1 and taking over as chair from Justin Dowley at the end of March next year. Dowley has been in post since 2019. Grigg currently is chair of the UK Infrastructure Bank and of wealth manager Evelyn Partners. He was senior independent director of BAE Systems PLC until this past December. As an executive, he was chief executive of commercial property developer British Land Co PLC and of Barclays Commercial Bank, part of Barclays PLC.

Read more
6 Jun 2024 15:41

Leonardo executive confident Rome will order new Eurofighter jets

BERLIN, June 6 (Reuters) - Rome is set to announce a deal shortly for additional Eurofighter combat jets for its air force, a senior executive at state-controlled defence and aerospace group Leonardo said on Thursday.

Read more
28 May 2024 11:55

Edinburgh Investment Trust outperforms thanks to M&S, BAE and Centrica

(Alliance News) - Edinburgh Investment Trust PLC on Tuesday lifted its annual payout, as net asset value rose and its total return beat the FTSE All-Share index.

Read more
14 May 2024 07:55

UK confirms it will build six new warships for Royal Marines

LONDON, May 14 (Reuters) - British defence minister Grant Shapps said he would order up to six new warships for the Royal Marines, as the government starts to indicate where a recently announced rise in defence spending will be directed.

Read more
13 May 2024 15:36

London close: Stocks take a breather after last week's surge

(Sharecast News) - London's stock markets ended the day in negative territory on Monday, with investors taking a breather following a six-day winning streak that propelled the FTSE 100 to a new all-time high.

Read more
13 May 2024 12:59

BofA Merrill Lynch downgrades BAE Systems

(Sharecast News) - BAE Systems was under the cosh on Monday after Bank of America Merrill Lynch downgraded shares of the defence company to 'neutral' from 'buy'.

Read more
13 May 2024 12:01

LONDON MARKET MIDDAY: Stocks flat as IPO chat brightens up subdued day

(Alliance News) - Stocks in London marked time on Monday, consolidating recent gains, ahead of a key week of US economic data.

Read more
13 May 2024 09:41

LONDON BROKER RATINGS: BAE Systems and Mondi cut to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

Read more
13 May 2024 09:01

LONDON MARKET OPEN: Stocks make steady start as investors eye US CPI

(Alliance News) - Stock prices in London opened modestly higher on Monday, pausing for breath after the recent record breaking run as investors look ahead to key inflation figures in the US.

Read more
9 May 2024 15:21

London close: Stocks manage gains as BoE holds rates

(Sharecast News) - London markets closed on a positive note on Thursday, bolstered by the Bank of England's decision to maintain interest rates, in line with market expectations.

Read more
9 May 2024 12:11

LONDON MARKET MIDDAY: Stocks climb as BoE holds but two back cut

(Alliance News) - The FTSE 100 was higher on Thursday afternoon, after the Bank of England maintained the benchmark UK interest rate at 5.25%, albeit with a vote split that encouraged rate cut expectations.

Read more
9 May 2024 09:30

TOP NEWS: Upbeat BAE Systems backs outlook for double-digit sales rise

(Alliance News) - BAE Systems PLC on Thursday said trading is in line with expectations backed by increased defence spending.

Read more
9 May 2024 08:00

LONDON BRIEFING: Stocks called up ahead of BoE interest rate decision

(Alliance News) - Stocks in London are set to open up on Thursday, ahead of the latest interest rate decision from the Bank of England.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.