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Defense stocks jump as U.S., Iran exchange attacks

Ravi Singh4 hours ago03 mins

People visit a Lockheed Martin booth displaying a model of a military transport plane during an arms fair, in Hanoi, Vietnam, on Dec. 19, 2024. Khanh Vu | Reuters Global defense stocks jumped on Monday as investors reacted to a dramatic military escalation in the Middle East over the weekend. The sector was a rare…

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European defense companies must collaborate to succeed

Ravi Singh5 days ago03 mins

European defense companies must take a stronger lead on collaborating to help the continent become independent of the U.S. security umbrella, Leonardo‘s CEO told CNBC. Speaking with CNBC’s “Squawk Box Europe” on Wednesday after Leonardo’s annual results statement, Roberto Cingolani said European defense companies have “all the capabilities and technical skills” and should not wait…