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The Independent UK

Business

Holly Williams

BAE Systems and Rolls-Royce reap rewards from higher global defence spending

BAE Systems BAE Rolls Charles Woodburn John Healey RollsRoyce

Rolls-Royce and BAE Systems have revealed a boost from higher defence spending (Jonathan Brady/PA) - (PA Archive)

Higher defence spending amid global conflicts is delivering a boost to Rolls-Royce and BAE Systems as the FTSE 100 stalwarts upgraded their annual outlooks after solid half-year figures.

Engine maker Rolls surged to the top of the FTSE 100 Index as shares jumped 6% in morning trading on Thursday thanks to a solid profit guidance upgrade.

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