BAE Systems Share Price Slips as Europe Defence Stocks Retreat on Rheinmetall Outlook
BAE Systems shares fell 1.3% to 2,219 pence in London by 1105 GMT Wednesday, tracking a broader drop in European defence stocks after Rheinmetall’s 2025 sales outlook disappointed investors. The European aerospace and defence index slid 2.8%. BAE reported record order backlog and forecast rising sales and profit for 2026. The company continued its share buyback program, purchasing nearly 100,000 shares on March 6.