Shares in European defense companies rose Wednesday after U.S. President Donald Trump signaled stronger support for Ukraine’s efforts to reclaim lost territories.
Trump expressed optimism that Ukraine could recover all regions taken by Russia, including Crimea as well as parts of Donetsk and Luhansk, with backing from NATO and the European Union. This represents a notable shift from his previous, more cautious statements regarding territorial issues.
At 08:20 GMT, shares of Saab (BIT:1SAAB), Hensoldt (BIT1HENS), Renk Group (TG:R3NK), Leonardo (BIT:LDO), Thales (EU:HO), Rheinmetall (TG:RHM), Dassault Aviation (EU:AM), QinetiQ (LSE:QQ.), and BAE Systems (LSE:BA.) were up between 1.6% and 4.7%.
The European aerospace and defense index increased 0.8%, contrasting with a 0.45% decline in the broader STOXX 600 index.
Trump also criticized Russia’s military capabilities, calling them a “paper tiger,” and highlighted NATO’s critical role in deterring further aggression. European leaders, including French President Emmanuel Macron, welcomed the comments as an opportunity to increase pressure on Russia amid ongoing economic and military challenges.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Leave a Reply