Surging European defence stocks signal ‘huge potential’ for military tech startups
Shares in European aerospace and defence companies soared to record highs this week, elevating expectations for the continent’s military tech startups. Britain’s BAE Systems leapt by 9% on Monday, while Germany’s Rheinmetall jumped by 14%. Stocks in Sweden’s Saab, Italy’s Leonardo, and France’s Thales also boomed. By the day’s end, the Stoxx Europe aerospace and defence index had hit an all-time peak. Military tech firms have also been surging. Kate Leaman, chief market analyst at online broker AvaTrade, said these companies have “huge potential” for growth — particularly those with AI-driven solutions. “We’re already seeing a shake-up in the defence sector, with…This story continues at The Next Web [...]
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