Analyst Research Report Snapshot

Title:

BAE SYSTEMS - A FRENCH STORM?

Price:

$10.00

Provider:

Edison Investment Research

Date:

15 Feb 2012

Pages:

2

Type:

AcrobatPDF

Companies referenced:

BAES.L

Available for Immediate Download
Summary:

The news that India has selected the Rafale as the lowest compliant bidder for its 126 MMRCA requirement is a blow to Eurofighter. With hopes this deal would deepen industrial cooperation in the country, set to spend heavily on defence in the next decade, the news the French are in pole position dents BAE’s strategy. While opportunities remain in Land through BAE’s JV with Mahindra & Mahindra, MMRCA provided a potential uplift to the relationship on Hawk. With results due 16 February and more uncertainty in the US and UK, we feel it is time for BAE to act boldly.

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