BAE Systems stock trades at EUR 22.94, plus 0.13 percent, on record backlog

Published on 09/29/2026 at 15:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BAE Systems stock stood at EUR 22.94 at Lang & Schwarz, plus 0.13 percent versus EUR 22.91, on September 29, 2026. First-half sales reached GBP 15.772 billion.

Fotorealistische Werftszene mit Fregattenrumpf im Trockendock bei Abenddämmerung — BAE Systems plc (ISIN GB0002634946) baut Fregatten in einer großen Werft bei Dämmerung, Illustration mit AI erstellt.

BAE Systems (ISIN GB0002634946) was trading at EUR 22.94 at Lang & Schwarz on September 29, 2026 at 3:36 p.m. CEST, plus 0.13 percent versus the prior close of EUR 22.91. The defense group is entering the final part of 2026 with a record GBP 84.0 billion order backlog.

Backlog reaches GBP 84.0 billion

In its 2026 half-year results, BAE Systems reported sales of GBP 15.772 billion, underlying EBIT of GBP 1.701 billion and earnings per share of GBp 38.90. The order backlog reached GBP 84.0 billion, giving the company a larger contracted base than its half-year sales.

The order figure was supported by GBP 16.4 billion of first-half order intake, according to the Q2 2026 earnings call transcript published by Eulerpool. Orders therefore exceeded sales during the period, a key reason the backlog reached a new record.

Guidance moves higher

BAE Systems said first-half sales grew 9.00 percent on a constant-currency basis, while EBIT increased 11.00 percent and earnings per share rose 13.00 percent. Underlying EBIT reached GBP 1.7 billion, with return on sales improving by 20 basis points to 10.80 percent.

The company upgraded its 2026 targets to sales growth of 8.00 percent to 10.00 percent, EBIT growth of 10.00 percent to 12.00 percent and earnings-per-share growth of 11.00 percent to 13.00 percent. Free cash flow is expected to exceed GBP 2.0 billion, according to Eulerpool.

Stock remains near its annual high

BAE Systems is listed on the London Stock Exchange under ticker BA.L. Its primary-market quote was GBp 1,969.00 at 1:43 p.m. London time on September 29, 2026, while the 52-week range stood at GBp 1,529.00 to GBp 2,360.00. The separate Lang & Schwarz quote in euros remains the reference for investors tracking the German market.

At Lang & Schwarz, BAE Systems was trading at EUR 22.94 on September 29, 2026 at 3:36 p.m. CEST, plus 0.13 percent against the prior close of EUR 22.91. The modest daily change leaves the half-year guidance upgrade and the GBP 84.0 billion backlog as the main figures for the stock's current valuation discussion.