Holders of FTSE 100 defense, aerospace and security titan BAE Systems(LSE: BA) enjoyed a storming 2016, thanks in no small part to the seismic political and economic events that occurred along the way.
Shares of FTSE 250 component manufacturer Rotork (LSE: ROR) rose by as much as 4% when markets opened on Monday morning, despite the company admitting that pre-tax profit fell by 10.6% to �91.1m last year.
The last two years have seen very different fortunes for shareholders of aerospace engineers BAE Systems (LSE: BA) and Rolls-Royce Holdings (LSE: RR), with BAE gaining 26% up until the close of play yesterday, while Rolls-Royce had lost 30%.
BAE Systems PLC (LON:BA.) stands to be a major beneficiary of an upturn in defence spending here in the UK and in the US. That at least is the conclusion of Goldman Sachs, which has picked out the aerospace giant as one of its top cyclical plays for 2017.