BAE Systems PLC ADR
BAESY: PINX (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $18.00 | Nxx | Tqfvphwr |
No Change to BAE Fair Value Estimate As We Make Slight Short-Term Changes to Our Forecasts
Business Strategy and Outlook
BAE Systems enjoys incumbent positions on a diverse set of major global defense programmes. Defense spending in the U.S., a key market for BAE, declined for nearly a decade since the end of the Iraq war in 2011. The outlook for defense spending is positive with rising budgets in the U.S. and commitments from NATO partners to meet their minimum spending requirements. BAE Systems is well aligned with U.S. Department of Defense growth programmes.