BAE Systems and Rolls-Royce reap rewards from higher global defence spending

Rolls-Royce jumps 4% as it sees boost from both the defense boom and AI data center buildout

Rolls-Royce raised FY profit guidance 15% citing 46% H1 growth, with data center power orders up 50%. AI infrastructure and defense capex converge as core procurement priorities; power constraints become a key vendor selection driver for data center operators.