BUZZ-BAE Systems shares drop; Alaska F-35 fighter jet crash weighs
ReutersJan 29, 2025 1:50 PM
BAE Systems BAES.L down as much as 3.2% to a near 2-week low, leading fallers in London .FTSE
"Today, news of an F-35 crash in Alaska (pilot reported safe) weighs (on) BAE Systems, and could add to heaviness in LMT (-9% yesterday)," writes Jefferies strategist Siddhartha Sandilya in a sales and trading note for clients
The F-35 is Lockheed Martin's LMT.N biggest revenue generator. BAE Systems helps develop and manufacture it
A F-35 fighter jet crashed during the landing phase of a training exercise at the Eielson Air Force Base in Alaska on Tuesday, but the pilot was safe after ejecting from the aircraft, the Associated Press reported
Lockheed Martin fell 9% on Tuesday after a lower-than-expected 2025 profit forecast
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