BAE Systems stock gets a new F-35 electronic warfare order

Published on 10/07/2026 at 13:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BAE Systems reported GBP 15,772 million in half-year 2026 sales and a GBP 84.0 billion backlog. Its stock was trading at GBp 1,841 on October 7, 2026.

Isometrische 3D-Illustration einer Verteidigungs-Wertschöpfungskette mit Fabrik und Werft — BAE Systems plc (ISIN GB0002634946) zeigt seine Wertschöpfungskette als isometrische 3D-Illustration mit Fabriken, Illustration mit AI erstellt.

BAE Systems (ISIN GB0002634946) was trading at GBp 1,841 on the London Stock Exchange on October 7, 2026, down 0.75 percent from the previous close. The company has also secured another F-35 electronic warfare order from Lockheed Martin, adding a fresh program milestone to its half-year growth profile.

F-35 order extends production

According to Defence Industry Europe on October 6, 2026, the order covers electronic warfare systems for F-35 production Lots 20 through 22 and upgrades for earlier aircraft. The AN/ASQ-239 system is designed to detect and counter threats across the electromagnetic spectrum.

The contract expands a program in which BAE Systems says it has delivered more than 1,500 F-35 electronic warfare systems. The report also notes that the wider Block 4 modernization program has faced delays and rising costs, making production execution an important counterweight to the order's strategic value.

Half-year numbers lift the base

BAE Systems reported GBP 15,772 million in half-year 2026 sales, underlying EBIT of GBP 1,701 million and earnings per share of 38.9 pence on its investor-relations page. The figures came with an order backlog of GBP 84.0 billion, giving the new F-35 work a place inside a much larger contracted pipeline.

According to BAE Systems, the half-year 2026 figures include sales growth, underlying EBIT of GBP 1,701 million and earnings per share of 38.9 pence. The company also lists more than 110,000 employees across more than 40 countries, underscoring the scale required to deliver long-cycle defense programs.

Consensus remains above the quote

MarketScreener lists an OUTPERFORM consensus from 20 analysts, with an average target of GBP 23.31, a high target of GBP 26.20 and a low target of GBP 17.00. Those figures describe analyst expectations rather than a company forecast, while the spread between the highest and lowest target shows that valuation views remain divided.

Stock trades below yearly high

BAE Systems stock was trading at GBp 1,841 on October 7, 2026, at 12:09 p.m. BST. Its 52-week range was GBp 1,529 to GBp 2,360, while market capitalization stood at GBP 54.0 billion, placing the intraday quote 21.99 percent below the yearly high.