BAE Systems Stock Price Falls Again Despite Fresh Pentagon and NATO Spending Push
BAE Systems shares fell 1.2% to about 2,070 pence Friday, extending Thursday’s 2.92% drop, despite new defence contracts from Norway and the U.S. Pentagon. MBDA, part-owned by BAE, forecast a 40% output jump in 2026 as missile demand rises. The FTSE 100 slipped 0.05% as Middle East tensions persisted. NATO said European allies and Canada would raise defence spending 20% in 2025.
