BAE Systems hits new highs as Trump defence-spending push keeps UK arms stocks in play
BAE Systems shares rose 2% Monday to 2,094.94 pence, nearing a 52-week high and lifting its market cap to about £61.1 billion. The rally followed a proposed $1.5 trillion U.S. military budget for 2027. Analysts cited high valuations and political uncertainty as key risks. BAE’s order backlog topped £75 billion as of June 30.