Similar Stories to This Defense Stock Just Became A Bargain on Bing News

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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