BT Group plc’s BAE Systems Deal Lands at a Crucial Moment for Its Turnaround
BT signed a five-year secure-connectivity contract with BAE Systems, covering operations in 40 countries. The deal was announced a week before BT’s full-year results, due May 21. BT shares fell 0.72% after the London close but remain near multi-year highs. The contract can be extended by up to three years.