BAE Systems PLC
BA.: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 6,615.00 | Gnnv | Ccqykhf |
We Raise Our Fair Value Estimate Slightly for BAE Systems as We Adjust Our Near-Term 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.