02.03.2026, 13:24
Shares of European arms manufacturers have risen sharply
Source: OREANDA-NEWS
OREANDA-NEWS Shares of European companies from the military industry rose sharply on March 2 against the background of hostilities involving the United States, Iran and Israel, as well as the general escalation in the Middle East. This is reported by TASS.
In particular, the value of Italian Leonardo's securities increased by about 5 percent at the beginning of trading, German Rheinmetall — by 3.3 percent, and the Swedish Saab concern — by 5.8 percent. Shares of British, Spanish and Norwegian representatives of the military-industrial complex also increased in price.
European arms manufacturers continue to benefit from the general geopolitical uncertainty. Since 2022, their shares have tripled in price; the corresponding dynamics is already becoming a driver of GDP in the leading EU economies. So, in February, the growth of military spending allowed the German industry to grow for the first time after a long break.
In particular, the value of Italian Leonardo's securities increased by about 5 percent at the beginning of trading, German Rheinmetall — by 3.3 percent, and the Swedish Saab concern — by 5.8 percent. Shares of British, Spanish and Norwegian representatives of the military-industrial complex also increased in price.
European arms manufacturers continue to benefit from the general geopolitical uncertainty. Since 2022, their shares have tripled in price; the corresponding dynamics is already becoming a driver of GDP in the leading EU economies. So, in February, the growth of military spending allowed the German industry to grow for the first time after a long break.
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