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Investing.com -- Shares of BAE Systems PLC (LON:BAES) (LSE:BA) edged up 1% following reports that the UK Ministry of Defence (MoD) has proposed a sale of 40 Typhoon aircraft to Turkey.
The news, which emerged from Bloomberg, has been positively received by investors as it not only represents a direct financial benefit estimated at around 30p per share but also serves to sustain the company’s production capabilities and skilled workforce.
The potential deal with Turkey is seen as a strategic move to keep BAE Systems’ production line for the Typhoon jets operational, which is crucial for the company’s long-term sustainability.
"We estimate the NPV is ~30p per share, but it also keeps the line open and maintains the skill base," Citi analysts said in a note.
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