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Morningstar

Morningstar

Feb 20, 2026

BAE Systems plc: BAE Earnings: Strong Execution and Margin Delivery; Lift Our Fair Value Estimate to GBX 2,600

Symbols

BAESY

Sector(s)

Industrials

Rating

Current Price

105.79

Fair Value

Economic Moat

Stewardship

Summary

BAE Systems is a British global defense, security, and aerospace company and the largest defense contractor in Europe; it is one of six prime contractors to the US Department of Defense. For reporting purposes, the company has five operating segments: electronics systems is the

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