BAE Systems and Meggitt PLC: 2 FTSE Aerospace Stocks to Keep an Eye On
Summary The UK aerospace and defence sector has faced some serious headwinds due to the covid-19 crisis and Brexit. The EU and UK signed an agreement recently providing clarity on steps which aerospace manufacturers must comply. BAE Systems is on track to meet its full year guidance owing to strong operational performance. The British aerospace defence sector is the second largest in the world, after the US. However, due to the ongoing public health crisis and the UKs exit from Europe, the sector has been facing a dual challenge. The European regulatory system EASA and UKs Civil Aviation Authority signed an agreement on 17 May, which covers the steps aerospace manufacturers must comply with for the free movement of goods and services between the UK and the EU. The move aims to provide clarity to aerospace companies to operate efficiently in a post-Brexit world. In this article, we would take a deeper dive into two FTSE listed aerospace and defence stocks which are trending today: BAE Systems PLC ( LON:BA.) FTSE 100 listed aerospace major BAE Systems announced that it was on track to meet its full year guidance due to strong performance in the firms air, maritime, electronic and intelligence and security segments.
BAE Systems and Meggitt PLC: 2 FTSE Aerospace Stocks to Keep an Eye On
Summary The UK aerospace and defence sector has faced some serious headwinds due to the covid-19 crisis and Brexit. The EU and UK signed an agreement recently providing clarity on steps which aerospace manufacturers must comply. BAE Systems is on track to meet its full year guidance owing to strong operational performance. The British aerospace defence sector is the second largest in the world, after the US. However, due to the ongoing public health crisis and the UKs exit from Europe, the sector has been facing a dual challenge. The European regulatory system EASA and UKs Civil Aviation Authority signed an agreement on 17 May, which covers the steps aerospace manufacturers must comply with for the free movement of goods and services between the UK and the EU. The move aims to provide clarity to aerospace companies to operate efficiently in a post-Brexit world. In this article, we would take a deeper dive into two FTSE listed aerospace and defence stocks which are trending today: BAE Systems PLC ( LON:BA.) FTSE 100 listed aerospace major BAE Systems announced that it was on track to meet its full year guidance due to strong performance in the firms air, maritime, electronic and intelligence and security segments.