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Finally a blue day.......next week we need to see some more, for now its good to go into the weekend on a small positiive.

This is now a takeover target without doubt, i expect some movement in defence soon to consolidate, so lets see. Price is dire at the moment.

Its up and down so much at the moment, another contract win, nothing really moving this at the moment.....short term waiting for clarity on spend even at 0.8% increase its still huge uplift across the UK let alone other countries.......keep faith I am underwater £4k but holding for the bounce which i hope is soon.

We need some momentum.....seeks defence stuck in the mud until the Defence Spending Plan becomes clear.......

Weird day still down but recovered. Now with Buy Backs etc. hopefully will push on from here.

I also sold a few RR to get more here, I expect a bit of upward momentum to build over the next week or so.....this is now back where it was at the start of the year......so plenty of upside and also been hit by externals....

Seems to have drifted but BAR tends to do this. I have RR and that’s been brilliant but I think BAE is better value. Let’s see tomorrow is another day.

Good entry point, again here, the issue is 'war is over' so always dips on the news, recovery hopefully from here.....

LONDON, June 14 (Reuters) - The leaders ​of Britain and Japan announced a tech partnership on Sunday designed to boost national security and create ​jobs, ‌and pledged to speed up the progress of their next generation fighter jet, GCAP.

Japanese Prime ⁠Minister Sanae Takaichi joined British Prime Minister Keir Starmer ⁠in London on Sunday, along ​with a group of business leaders to discuss ways to deepen cooperation in areas including tech, green energy and defence.

Alongside announcements totalling £18 billion ($24 billion) on infrastructure, financial services and ​wind power, ‌Takaichi said deep security ties were at the foundation of the countries' relationship.

"We concluded to further accelerate the progress of the Global Combat Air Program GCAP, which is the cornerstone of our security cooperation," she said through a translator.

GCAP is an ​effort to build a next-generation fighter to be developed by a joint venture ‌of Britain's BAE Systems, Italy's Leonardo and Japan Aircraft Industrial Enhancement, which is backed by Mitsubishi Heavy Industries.

Starmer's government, which is ‌locked in a dispute over the need to spend more on defence, had said the two leaders would confirm their shared commitment to the project and discuss ​the launch of its next phase, with an international contract due to be signed by the end of ‌the month.

Lack of news and updates is prolonging the agony here.........seems stuck here with huge upside potential

This is a small glitch and not a big share impact.

Impact is the UK funding delay which is getting a lot of pushback from MPs so a good thing come Monday that pressure is mounting which reassures that this will be a top priority.

https://www.bbc.co.uk/news/articles/c0ky47v6d1no

Seems to be continually down....not looking strong at the moment with no news......

In at average of 485 so missed the further drop doh, but happy with the end of day rise. Hopefully a steady rise towards 600p by Sept.

I sold these after having to double down on Melrose to reduce my defence exposure. Now at the bottom I have bought back in with Solid Results. I don't see any reason for the drop other than short term fluctuations from traders, this is also a take over target as is Melrose so happy to be back in after gaining on Hixcox and IBM.

Continues to be a bargain so would not be surprised if somebody comes in for this now.......

Breaking announcement on this. Great for UK companies BAE and RR.

RR will benefit from reactors! Defence is gaining momentum again with new technology needed in Naval to secure the waterways following the Iran war.

New security project announced. BAE central to this and this is fantastic news just announced.

Defence stocks will be gold come Monday. Full steam ahead!

I think this is short term noise. Most will be covered by insurance. It takes years to go through courts so materially the company is not impacted unless there is supply disruptions which may be a week or two so again should be absorbed with any upside they have not declared. I suspect by the end of June we will be back to mid 5s.

Shame this has hit us, but I am not sure its worth the price decrease we are seeing, disaster was averted so more news and will not be a material impact on revenue from what I have heard. price is already massively discounted so fill your boots.

Impressive that’s a quick turnaround. Positive development with the cost of drones a large order would potentially be re-rate worthy.