BUZZ-BAE Systems: sharp recovery off day's lows

** Profit-taking after results proves short-lived on BAESystems as stock bounces back from 4.4 pct slide totrade near highs of the day

** One London-based analyst cites headlines relating to co'soptimism over US military spend next yr as the catalyst for therally

** Earnings have in recent yrs been impacted by shrinking US& GB defence budgets

** Stock, off 0.7 pct, back within grasp of 16-yr highs hitlast week, in relatively strong volume

** Defence co forecast earnings will rise marginally this yr& is positive on 2016

** Jefferies repeats "buy" rating on stock, notes the FYresults & FY2015 outlook appear in line (RM: tricia.wright1.thomsonreuters.com@reuters.net)

-1x Boeing