LSE:BAES.L 8 January 2026 - 10 February 2026

BAE Systems shares closed up 1.2% at 1,879 pence on Friday, tracking gains in European defence stocks. The company’s market value stands near £54.8 billion. Investors await BAE’s full-year results on Feb. 18 for updates on cash returns and orders. GXO Logistics renewed and expanded its contract to support BAE’s Type 26 frigate program in Scotland.

BAE Systems shares fell 2.5% to 1,924 pence by 09:22 GMT after the company announced a fresh share buyback, repurchasing 108,575 shares at an average 1,970.97 pence each. The drop came as European defence stocks weakened and investors awaited BAE’s Feb. 18 results and policy signals on defence spending.

BAE Systems repurchased 107,347 shares on Tuesday at a VWAP of 1,993.5 pence as part of its ongoing £1.5 billion buyback program. Shares held steady at 2,012 pence by 0852 GMT Wednesday. Investors are awaiting BAE’s full-year results on Feb. 18 for updates on cash returns and outlook. Trading volume Tuesday was 3.4 million shares, below the 50-day average.

BAE Systems shares fell 1.4% to 2,064 pence in London on Tuesday, retreating from Monday’s record high. The stock remains up about 18% since the start of 2026. No new company updates were issued ahead of BAE’s Feb. 18 earnings report. Investors are watching UK economic data and sector news for direction.

BAE Systems shares rose about 6% to 2,042 pence in early London trading Thursday after U.S. President Trump called for a larger U.S. military budget. Defence stocks across Europe hit record highs, lifting London’s FTSE 100. Analyst opinions on BAE’s outlook remain divided, with some citing currency risks and budget constraints. Trading volume stayed below average despite the price surge.