NOC - BAE Systems: Safe 3% Dividend But Not The Primary Beneficiary Of U.S. Defense Budget
- BAESY offers a safe 3%+ starting dividend yield.
- We do not see upside potential given the rally of the defence companies.
- Increased defence budgets and localisation of critical goods and services make competitors better positioned to benefit.
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BAE Systems: Safe 3% Dividend But Not The Primary Beneficiary Of U.S. Defense Budget