Defense stocks in Europe and Asia surged on Monday as investors assessed how the dramatic overthrow of Venezuelan leader Nicolas Maduro could herald a significant geopolitical shift that will boost the rearmament trade in the long run. Rheinmetall, Germany’s largest arms manufacturer, gained over 7% in early trade, while military technology and surveillance specialist Hensoldt…
Ukrainian servicemen operate a Soviet-made T-72 tank in the Sumy region, near the border with Russia, on August 12, 2024, amid the Russian invasion of Ukraine. Roman Pilipey | Afp | Getty Images Some of Europe’s biggest military contractors urged investors not to cash out of the sector on Tuesday, as stocks sold off on…
European defense companies fell sharply on Monday as talks over a potential peace agreement to end the war in Ukraine took a new turn. President Volodymyr Zelenskyy said over the weekend that Ukraine was prepared to abandon the country’s longstanding aim of joining the NATO military alliance in exchange for alternative security guarantees to protect…