BAE Systems jumps as Starmer unveils defence spending hike
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BAE Systems PLC shares surged as UK Prime Minister Keir Starmer announced plans to increase the UK's defense spending to 2.5% of GDP by 2027, up from the current 2.3%.
February 25, 2025 | 2:00 pm
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BAE Systems PLC shares rose following the announcement by UK PM Keir Starmer to increase defense spending to 2.5% of GDP by 2027.
The increase in defense spending is likely to benefit BAE Systems, a major defense contractor, leading to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90