BUZZ-BAE Systems shares drop; Alaska F-35 fighter jet crash weighs

Reuters

Jan 29, 2025

** BAE Systems BAES.L down as much as 3.2% to a near 2-week low, leading fallers in London .FTSE

** "Today, news of an F-35 crash in Alaska (pilot reported safe) weighs (on) BAE Systems, and could add to heaviness in LMT (-9% yesterday)," writes Jefferies strategist Siddhartha Sandilya in a sales and trading note for clients

** The F-35 is Lockheed Martin's LMT.N biggest revenue generator. BAE Systems helps develop and manufacture it

** A F-35 fighter jet crashed during the landing phase of a training exercise at the Eielson Air Force Base in Alaska on Tuesday, but the pilot was safe after ejecting from the aircraft, the Associated Press reported

** Lockheed Martin fell 9% on Tuesday after a lower-than-expected 2025 profit forecast

(Reporting by Danilo Masoni; Editing by Amanda Cooper)

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BAE Systems helps develop and manufacture it** A F-35 fighter jet crashed during the landing phase of a training exercise at the Eielson Air Force Base in Alaska on Tuesday, but the pilot was safe after ejecting from the aircraft, the Associated Press reported** Lockheed Martin fell 9% on Tuesday after a lower-than-expected 2025 profit forecast (Reporting by Danilo Masoni; Editing by Amanda Cooper)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}