A global defence, aerospace and security company. BAE Systems delivers a range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and support services. I have a holding in my income portfolio (epic code: BA.)
Lockheed Martin and the DOD have reached agreement on orders for the next two batches of F-35 fighter jets, a deal worth over $7bn. This will be good news for BAE Systems who are a major sub-contractor on this programme. The agreement covers 71 aircraft, with 60 for the U.S. military, and 11 for Australia, Italy, Turkey and Britain.
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