Europe’s defense contractors are boosting orders and enjoying surging stock market valuations, lifted by higher government spending and the expectation of more sales to come as the Ukraine war grinds on
LONDON—Europe’s defense contractors are boosting orders and enjoying surging stock market valuations, lifted by higher government spending and the expectation of more sales to come asBAE Systems PLC, Europe’s largest defense contractor, was the latest in a parade of big
arms makers to post a large jump in annual orders for 2022. It joined peers such as Sweden’s Saab AB and Norway’s Kongsberg Gruppen AS A in benefiting from generally higher military spending around the world—particularly from some European countries—amid the Ukraine war.
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