Reported about 19 hours ago
Washington's call for European self-defense, amplified by Donald Trump's pivot on military aid to Ukraine, has propelled defense stocks to significant gains, particularly in Europe and Asia. Companies like Germany's Rheinmetall AG and South Korea's Hanwha Aerospace have seen shares double, with a broader increase in military spending anticipated across the region. As Europe prepares to bolster its defense budget, the turbulence in security alliances is expected to lead to substantial revenue growth for defense contractors.
Source: YAHOO