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Representative image illustrating large-scale defence manufacturing and military platform assembly, reflecting how BAE Systems plc’s FY2025 results, record order backlog, and rising NATO defence spending are reshaping the global defence industry.

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BAE Systems (LSE: BA) just locked in £83.6bn of visibility. What that says about defence spending in 2026 and beyond

BAE Systems plc posted FY2025 growth, a record backlog and raised guidance. Discover what it means for defence spending, cash flow and investors.

February 18, 2026

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