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BAE Systems

BA.Lintermediary

BAE Systems is Europe's largest defense company and a top-ten global defense contractor. It straddles the U.S. and UK defense markets, serving as a key partner on the F-35, the lead on several British naval programs, and a major electronic-warfare and cyber-defense provider.

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Products & Revenue

Product Revenue Share

Revenue Breakdown ($30.4B)

Static data (loading live financials…)

Electronic Systems (24%)
Platforms & Services (US) (22%)
Air (23%)
Maritime (18%)
Cyber & Intelligence (13%)

Segment Breakdown & Key Customers

Product Details

Combat Vehicles22%

Bradley replacement (AMPV), CV90, and armored vehicles

Electronic Systems25%

Electronic warfare, SIGINT, and cyber defense

Air Platforms20%

Typhoon, Hawk trainer, and GCAP/Tempest 6th-gen fighter

Maritime (Naval Ships)18%

Type 26 frigate, Astute-class submarines, and naval guns

Munitions & Weapons15%

Precision-guided munitions, artillery, and missile subsystems

Macro & Market Context

NATO 지출 의무화 + 우크라이나 재건 → 다년간 수주 잔고 사상 최대

미 국방예산 (FY2026)

$921B

NATO 방위비 GDP 목표

2% → 2.5%

KTOS 수주 잔고

$1.1B (+34%)

드론 시장 규모 (2030E)

$58B

Upcoming Catalysts

NOC/LMT/LHX/RTX Q1 실적 (2026.04)KTOS 국방부 드론 계약 발표NATO 정상회의 방위비 최종 합의 (2026.06)

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AI Analysis

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Company Info

Headquarters

London, United Kingdom

Founded

1999

Employees

100,000+

Cascade Position

Role in Cascade

mid cap

Typical Delay

1-3 trading days

BAE reacts to U.S. budget signals with a lag, as its UK/international exposure provides partial insulation.

View Full Cascade

Sector Overview방산

Sector News

NATO 지출 의무화 + 우크라이나 재건 → 다년간 수주 잔고 사상 최대

미 국방예산 (FY2026)

$921B

NATO 방위비 GDP 목표

2% → 2.5%

KTOS 수주 잔고

$1.1B (+34%)

드론 시장 규모 (2030E)

$58B

Key Themes

  • NATO 32개국 방위비 GDP 2.5% 의무화 → 10년 수요 가시성 확보
  • Loyal Wingman 드론 경쟁 — KTOS Valkyrie 핵심 수혜
  • 우크라이나 재건 + 방공망 현대화 수요

Upcoming Catalysts

  • NOC/LMT/LHX/RTX Q1 실적 (2026.04)
  • KTOS 국방부 드론 계약 발표