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Smaller player Meggitt also posts an update with markets braced for disappointing results from this key UK sector. <\/p>\n
This will be a blow to UK growth hopes after last weeks figures showing GDP rose just 0.3 per cent in the second quarter. <\/p>\n
Russ Mould, investment director at AJ Bell, said the UK aerospace sector is the worlds second largest after the US. <\/p>\n
All three companies are major exporters and have benefited from the drop in the value of the pound post-Brexit, which has boosted demand as their products are relatively cheaper for foreign customers. <\/p>\n
In recent weeks markets have lost some of their enthusiasm for the aerospace sector <\/p>\n
Russ Mould - AJ Bell investment director <\/p>\n
However, a continuing UK slowdown might hit domestic military spending and sales at the three companies, Mould added. <\/p>\n
In recent weeks markets have lost some of their enthusiasm for the aerospace sector. <\/p>\n
Last month engineering giant Rolls-Royce announced a 150 million investment in new and existing civil aerospace facilities in the UK, signalling its confidence in Britain after it leaves the EU. <\/p>\n
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Ian Forrest, investment research analyst at The Share Centre, said Rolls-Royce is still recovering after issuing a rash of property warnings. <\/p>\n
It is now starting to see the benefits of its extensive restructuring programme. <\/p>\n
The engineer has just unveiled its largest and grandest car ever, the Phantom VIII, and Forrest added: It needs to show more signs of progress, especially in the marine division, although aerospace should be helped by the lower oil price and move towards more fuel-efficient planes. <\/p>\n
Shares in BAE Systems jumped earlier this month after the High Court threw out a case trying to block arms sales by British firms to Saudi Arabia. <\/p>\n
Philip Buller, European aerospace and defence analyst at Barclays, said this could offer near-term support but he remains underweight on the stock. <\/p>\n
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NY Daily News via Getty Images <\/p>\n
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Real estate developer Donald Trump annouces intentions to build a $100 million dollar Regency Hotel in 1976. <\/p>\n
We remain concerned by the companys ability to outperform peers and consider growth expectations to be overly optimistic over the medium term. <\/p>\n
The aerospace and defence sector was given a boost by Donald Trumps US presidential victory last year, as he ran on a campaign of boosting military spending. <\/p>\n
Sanjay Jha, researcher at Panmure Gordon, said it continues to ride this wave of optimism even though Trumps spending plans look increasingly imperilled. <\/p>\n
Despite all the talk, there has been no increase in defence spending. <\/p>\n
He added: The prospect of simultaneously getting new money for defence and approving Trumps tax cuts look too ambitious. <\/p>\n
Jha warned the civil aerospace sector is plagued with over-capacity while the business jet markets still look sick, hitting Meggitt. <\/p>\n
It is heavily reliant on cheap debt to keep dancing, once the music stops in our view earnings will collapse. <\/p>\n
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UK aerospace and defence industry braced for disappointing quarterly results - Express.co.uk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" GETTY Smaller player Meggitt also posts an update with markets braced for disappointing results from this key UK sector. This will be a blow to UK growth hopes after last weeks figures showing GDP rose just 0.3 per cent in the second quarter. Continue reading