The rally was led by German arms manufacturer Rheinmetall, which jumped 14% in Frankfurt, while UK-based BAE Systems soared 16% in London and Italy’s Leonardo climbed 10% in Milan. Rolls Royce was up 5.7%. The stock surge followed reports that Germany ...
The stock has soared more than 1,300% since 2019, valuing Rheinmetall at 48 billion euros. BAE Systems Shares in London-listed aerospace and defense company BAE Systems soared more than 18% in a ...
Shares in Germany's Rheinmetall have soared 57% this year, while BAE Systems is up 17% and France's Thales has gained 22%.
LONDON, March 3 (Reuters Breakingviews ... Shares in European defence-related groups Rheinmetall, BAE Systems and Thales were up 8%, 14.3% and 13.9%, respectively, as of 0910 GMT on March ...
Europe's rush to boost funding for military spending has sent defence stocks on a tear, though investors are now wondering how much more they're willing to pay for exposure to the region's biggest rearmament buildup since World War Two.
Yet leaders who gathered in London on Sunday have a consolation of sorts: the pressure to rapidly rearm gives them cover to hike taxes.
This year’s fierce rally in European defense stocks found new legs Monday after leaders on the continent met over the weekend to forge a peace plan for Ukraine, during
European defense stocks surged on Monday after leaders met with Zelenskyy in London. Ukraine's president left Washington on Friday without a minerals deal after clashing with Trump. Rheinmetall ...
In response, UK Prime Minister Keir Starmer convened a summit of European leaders in London on Sunday, calling it a “once-in-a-generation moment for the security of Europe.” The meeting underscored the growing urgency among European nations to bolster ...
Shares in BAE Systems, Rheinmetall and Leonardo all added to strong gains this year on Monday amid expectations of rising European defense spending.