0914 GMT - BAE Systems' surge in new orders puts the U.K. defense company well on track to hit its full-year targets, says Jarek Pominkiewicz, industrials analyst at Quilter Cheviot. New orders rose to 25 billion pounds in November from 15.1 billion pounds in August. BAE is well positioned to benefit from the increasingly complex geopolitical landscape, Pominkiewicz writes in a note to investors. The company's shares may look expensive compared with historical averages, but they remain competitive against U.S. defence peers, he says. Shares are up 1.1% at 14.09 pounds. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
November 12, 2024 04:14 ET (09:14 GMT)
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