Britain’s BAE Systems rose by 15% on Monday, Germany’s Rheinmetall gained 14%, France’s Thales increased 16% and Italy’s Leonardo was also up 16%. In London the surge in defence related shares helped to push the FTSE 100 to a new record high. It closed up 0.7% at 8871.31.
Shares in aerospace companies with significant defence revenues also rose on Monday. Airbus, the European passenger jet maker, rose by 5%, France’s Safran gained 3%, while the rally added to Rolls-Royce’s momentum after the British jet-engine manufacturer sent investors into raptures last week with strong results. Its shares gained 4% on Monday, hitting a record high.
The British defence technology company QinetiQ rose by 12%, while France’s Dassault Aviation gained 15%.
European Defence Stocks Soar As Arms Makers Expect Orders Boom | Stock Markets | The Guardian
European Defence Shares Jump As Blistering Rally Gathers Pace
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