BAE Systems PLC ADR
BAESY: PINX (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $78.00 | Tbzfj | Hsczktjm |
Wide-Moat BAE: Increasing Our Fair Value Estimate on Higher European Defense Spending
Business Strategy and Outlook
Escalating global security concerns, intensified by the Ukraine conflict, are driving structurally higher growth in the defense market. We anticipate this growth will be uninterrupted for at least several years, considering that many countries, particularly in Europe, have underspent since the end of the Cold War. BAE Systems is strategically positioned to benefit, given its significant stakes in a broad array of major international defense projects.