Rolls Royce & BAE this coming week4 Feb 2024 23:15
Rolls-Royce (LON: RR) and BAE Systems (LON: BA) are some of the best-performing FTSE 100 index companies in the past few months. RR shares have surged by more than 800% from its lowest point in 2020. This recovery happened as investors cheered the recovery of the civil aviation industry.
BAE Systems, on the other hand, has risen by over 230% from its 2020 lows. The two companies have rebounded as defense spending has jumped following the Russian invasion of Ukraine followed by the crisis in the Middle East.
Further, the ongoing fear that Russia will invade Ukraine has led to more spending by Western countries. Therefore, BAE Systems and Rolls-Royce will be in the spotlight this week as Saudi Arabia hosts the World Defense Show. This is an annual show that brings most companies in the industry to showcase their products and make deals.
BAE Systems and Rolls-Royce will be present at the event and analysts will be watching for potential announcements.
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