BAE Systems wins F-35 order and BAE Systems stock trades at EUR 21.94

Published on 10/07/2026 at 09:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BAE Systems delivered 1,500 F-35 systems. BAE Systems stock costs EUR 21.94 on October 7, 2026 versus EUR 21.98, a minus 0.18 percent change.

Editorialfoto eines Trading-Floors in London mit Charts und Handelsbildschirmen — BAE Systems plc (ISIN GB0002634946) notiert am Londoner Aktienmarkt, gezeigt im Börsen-Editorial-Stil, Illustration mit AI erstellt.

BAE Systems plc won a Lockheed Martin order for electronic warfare systems covering F-35 Lots 20 through 22, while BAE Systems stock was last at EUR 21.94 on October 7, 2026. The contract also covers retrofits for older aircraft, according to BAE Systems on October 6, 2026.

F-35 work expands the backlog

The order extends BAE Systems' role in the AN/ASQ-239 electronic warfare suite, which helps the aircraft detect and respond to threats across the electromagnetic spectrum. BAE Systems said it has delivered more than 1,500 such systems for the F-35, a concrete production base for the new Lots 20 through 22 work.

The contract adds production and retrofit activity, but the financial scale must be judged against the wider defense portfolio rather than the announcement alone. The order therefore strengthens visibility for the electronic systems business while leaving the near-term earnings effect dependent on delivery timing.

First-half figures set the scale

BAE Systems reported sales of GBP 15.772 billion for the first half of 2026, underlying EBIT of GBP 1.701 billion and earnings per share of 38.9 pence, according to the company's investor materials. Its order backlog stood at GBP 84.0 billion in the same period, giving the F-35 activity a substantial contracted-work context.

Underlying EBIT represented 10.79 percent of first-half sales, calculated from the reported figures. The comparison matters because the backlog was 5.32 times first-half sales, indicating that order coverage is materially larger than the revenue recognized in the period.

Stock remains below its yearly high

The substitute Xetra price of EUR 21.94 was 0.18 percent below the EUR 21.98 close of October 6, 2026. The EUR 18.05 to EUR 27.43 52-week range places the price 20.01 percent below the high and 21.55 percent above the low, while market capitalization stood at EUR 64.3 billion on October 7, 2026.

Price source: substitute price Xetra, Lang & Schwarz without data set. The further course of trading is shown by the continuously updated real-time quote of BAE Systems stock.