BAE Systems PLC
BA.: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| GBX 6,375.00 | Lcms | Kpnygyrs |
We Increase BAE Systems' Fair Value Estimate on the Back of Strong Defense Spending Outlook
Business Strategy and Outlook
BAE Systems enjoys incumbent positions on a diverse set of major global defense programmes. The outlook for defense spending is positive with rising global threats exacerbated by the war in Ukraine. We believe this will be a multiyear growth trajectory as many nations globally, especially in Europe, have underspent since the end of the cold war. Additionally, BAE Systems is well aligned with U.S. Department of Defense growth programmes.