BAE Won a Massive New Defense Contract. Why More May Come Soon.

Jack Denton

Defense giant (BA)has been awarded a new contract to supply the U.K., as the government begins the largest investment in the military since the Cold War. BAE stock rose around 1% in London trading on Monday, while shares in rival Thales Group, which has a history of supplying the U.K. military, fell near 3%. BAE is a FTSE 100 constituent and one of the world’s largest defense and aerospace companies.