Up nearly 4% at one point today. The share price has long recovered since it collapsed 10% under the news that it was to be investigated in the US for its dealing practices. Which are no different from absolutely anyone else’s, so its all a waste of time.
With Saudi Eurofigher to be confirmed, CVF confirmed, Armour holdings continued rise in profits, Saudi Destroyer likely to be won, FRES utility funding to be confirmed and FRES Recon set to be a sexed up CV-90 its going to be a good second half of the year for BAE. With a host of opportunities for trainer aircraft and fighters next year things are looking good for BAE Systems.
440.25p is the current share price. I suspect the share price may now well hit 480p in the next 6 months if the current market turbulance doesnt turn into a rout.
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