This Defense Stock Just Became A Bargain

newsfeedback@fool.com (Rich Smith), The Motley Fool
Mon, 07/16/2018 - 5:13am

It was a long time coming, but Australia has finally made its decision. As part of a multiyear, multibillion-dollar effort to beef up its defenses to face down an expansionist China, America's ally Down Under has tapped Britain's BAE Systems (NASDAQOTH: BAESY) to build nine shiny new Hunter-class frigates -- for $26 billion.Here's why I think that makes BAE a bargain at current prices.BAE stock has underperformed the market this past year -- but don't wave the white flag just yet.

Topics: australia china america down under britain's bae systems nasdaqoth baesy hunter-class images i bae defense stock

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This Defense Stock Just Became A Bargain

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