At the Farnborough Air Show this month, military brass rubbed shoulders with government ministers, foreign delegates and aviation experts inside the BAE Systems pavilion, admiring the defence giant’s wares. Mock-ups of fighter jets, drones and missiles were among the items on display.
The air show was a shop window for BAE, which helps build F-35 jets as well as nuclear submarines for the navy. The company has had a good year, with a share price rise of 42 per cent making it the best performer in the FTSE 100. Russia’s war in Ukraine has many countries reassessing their defence needs — Germany is getting a €100 billion fund to modernise its armed forces.
Yet many investors in the City who have money in environmental, social
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