We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Hold your fire

20 February 2014 By Olaf Storbeck

Europe’s largest defence contractor spooked shareholders with a gloomy 2014 outlook and a $1.5 bln writedown. As with Rolls-Royce, investors have been slow to price in the effects of lower U.S. military spending. But the reaction – a 9 pct slump in BAE shares – looks overdone.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)