0912 GMT - BAE Systems' medium-term outlook appears bright amid heightened geopolitical tensions, says Interactive Investor's Richard Hunter. That backdrop has led to a number of governments pledging to increase their countries' defense spending as a share of GDP over the next decade, he notes. This, in turn, means opportunities remain within the burgeoning sector. Hunter notes the U.K. defense company's higher 2026 forecasts but says the lack of a share-buyback announcement could disappoint a bit. However, he views the rationale as sound, as the group diverts resources elsewhere for investment and debt reduction. Shares are up 3.4% at 20.98 pounds. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
February 18, 2026 04:12 ET (09:12 GMT)
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