Shares in BAE jumped 150p at the sound of gunfire in Ukraine in February, and have been solid performers since then as first Boris Johnson and now Liz Truss have confirmed Britain’s support for President Zelensky.
Tipped here on March 2 at 710p, the shares reached 838p in July and are in demand at 805p as it becomes clear that western defence spending is set to climb for several years.
As well as operating in more than 40 countries, the group’s annual exports from the UK exceed £4 billion, a figure that will benefit from the weaker pound — every 5 cent drop in the dollar rate adds 1p to BAE’s earnings per share (EPS). It makes wide ranges of combat jets, tanks, armoured vehicles,
