0734 GMT - BAE Systems' 2025 results are in line with expectations, but its free cash flow was 633 million pounds better than consensus, JPMorgan analysts say in a research note. The U.K. defense company's free cash flow guidance has been very conservative in recent years, they note. BAE could significantly change its medium-term outlook if both the U.S. and the U.K. governments increase their defense budgets, as indicated by President Trump and British Prime Minister Keir Starmer, they say. Shares closed at 20.29 pounds. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
February 18, 2026 02:37 ET (07:37 GMT)
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