British Defense BAE Systems (BA) Uniquely Protected Against US Defense Spending Cuts Because Of Non-US Clients: UBS Note

British defense company BAE Systems PLC, one of the world’s largest, may be unique within the global defense industry as a company well prepared for reduced U.S. military spending, wrote UBS AG analysts on Wednesday. “BAE Systems is unique in our defense coverage in that it has a large enough growth market in the Middle East (mainly Saudi Arabia) to offset the decline in the U.S. defense,” wrote defense analyst Charles Armitage in a research note.

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