These charts show the size of Europe's defense boom, as companies take stock of the Iran war [CNBC]
RHEINMETALL AG UNSP/ADR (RNMBY)
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Source: CNBC
Rheinmetall said Wednesday that it expects sales to grow between 40% and 45% in 2026. There's renewed focus on defense companies amid fresh global geopolitical tensions and a war in Iran that has now entered its 13th day. In this article Workers assemble a Leonardo AW139 helicopter on the production floor at the Leonardo plant in Varese, Italy, on Thursday, March 20, 2025. Bloomberg | Bloomberg | Getty Images Italian defense firm Leonardo said it is “positioned on a path of strong growth” on Thursday, as European defense companies stand to gain business from the war in Iran, as they have been boosted by the war in Ukraine. Leonardo unveiled plans to double profits by 2030, the day after German peer arms maker Rheinmetall forecast its sales could grow as much as 45% this year , as both companies have record-high order backlogs. Leonardo CEO Roberto Cingolani told investors that war was “getting faster and more dangerous,” and warned of the rise of hybrid threats that “in
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News
- 2 Defense Stocks to Buy in March [Yahoo! Finance]Yahoo! Finance
- Is It Too Late To Consider Rheinmetall (XTRA:RHM) After European Rearmament Contracts? [Yahoo! Finance]Yahoo! Finance
- EWG: Amid Fracturing Global Order, Germany Must Rise To The Occasion [Seeking Alpha]Seeking Alpha
- These charts show the size of Europe's defense boom, as companies take stock of the Iran war [MSNBC.com]MSNBC.com
- Rheinmetall: The Defense Supercycle Is Far Bigger Than Investors Think [Seeking Alpha]Seeking Alpha