Share on StockTwits

Europe’s biggest defence contractor BAE Systems expects earnings this year to drop by up to 10 percent as a result of U.S. spending cuts. As Hayley Platt reports shares in the British group fell 11% to a 30-week low as a result.

“U.S. defence budget cuts hurt BAE” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.