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europe poised for long-term growth in defense spending according to bank of america
Bank of America's Benjamin Heelan highlights that Europe is poised to become a significant growth market for defense over the next 10 to 15 years, driven by increased defense spending. This trend presents substantial opportunities for companies and markets in the sector.
bae systems shares drop as bank of america flags defense spending risks
BAE Systems Plc shares dropped 4.5%, marking the largest decline in two months, following a downgrade by Bank of America Corp. Analysts cited risks of potential US government spending cuts under Elon Musk's oversight. This sell-equivalent recommendation stands out, as only two other firms among 224 tracked by Bloomberg have issued negative ratings.
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