BAE Systems plcSecured Phase 2 funding for DARPA THREADS, advancing RF electronics and thermal management technology.

BAE Systems' FAST Labs unit has completed Phase 1 of DARPA's THREADS program and secured Phase 2 funding, marking progress in high performance RF electronics and thermal management technology. The company's shares have returned 24.55% over the past 30 days and 28.73% year to date, with a five-year total shareholder return of 348.36%. BAE Systems closed at £22.58, which is about 3% below a narrative fair value estimate of £23.23. Its order backlog has surged to £75 billion, supported by higher defense spending commitments across NATO, the US, UK, Europe, and Indo-Pacific, including the UK targeting 3.5% of GDP on defense by 2035 and Japan doubling spending by 2027.
BAE Systems plcSecured Phase 2 funding for DARPA THREADS, advancing RF electronics and thermal management technology.