BAE Systems is better insulated from Brexit because the military technologies it sells largely fall outside the scope of tariffs.

Roger Carr, BAE's chairman and a backer of remaining in the EU before the referendum, has said a no-deal Brexit is ‘the last thing we want to see’ for the broader British economy, despite the lack of direct impact on BAE.

BAE Systems is better insulated from Brexit because the military technologies it sells largely fall outside the scope of tariffs.

Roger Carr, BAE's chairman and a backer of remaining in the EU before the referendum, has said a no-deal Brexit is ‘the last thing we want to see’ for the broader British economy, despite the lack of direct impact on BAE.