Defense costs will increase dramatically in the coming years, even with a Truce of 2025 in Ukraine.
The European Defense Company shares on March 3 strictly grown against the background of Ukraine’s armament plans. Bloomberg reported it.
Rheinmetall’s sharing jumped by 8.9%, Saab rose 11%, and added the dassault aviation of 15%. The European Defense basket shares Goldman Sachs up 16% on a new note, increasing its annual growth to 63%.
As you know, Great Britain and France are trying to create what British Prime Minister Cyrus Starmer called “Coalition” to participate in peacekeeping forces and helping Kyiv for the Kuta of any world. French President Emmanuel Macron urged the EU to provide 200 billion euros to increase defense capabilities.
The expectation of a sharp increase in defense costs in European countries has led to the increase in sharing of companies working in this sector. Rheinmetall, one of the largest suppliers of materials for land forces in Europe, has added 67% this year and has grown more than 800% from the beginning of the war three years ago.
According to market strategist JPMorgan Asset Management Vincent Juvins, state defense costs will increase dramatically in the coming years, even with a 2025 truck in Ukraine.
“There is a broad consensus about the fact that Europe should take the future with its own hands, and that great military cost is expected,” he added.
In general, this year the actions in Europe show strong growth, leading Americans. In February, the Stoxx Europe 600 increased its advantage to the S&P 500 from the end of November. The European benchmark preceded its American analogue of 10 percent points in three months. The world’s perspective in Ukraine has become one of the drivers of the rally.
According to Charles Woodburn, general director of BAE Systems, the largest weapon manufacturer in Europe, defense costs continue to grow last year.
The British contractor in the field of aerospace and defense industry said the UK’s plan to increase the military budget will support key programs for the construction of submarines and frigates, and it has all the possibility of benefiting from selling weapons to NATO members.
“We have significant opportunities for growth, and we are still focusing on the same implementation of our long -term approach aimed at ensuring income growth, increasing margin and reliable generation of funds,” Woodburn said.
Remember that European Commission President Ursula Von der Lyain made a statement about the need to increase European defense capabilities.
As reported, German’s weapons shares Rheinmetall’s weapons rose 10 times from the beginning of the full -scale invasion of the Russian Federation in Ukraine.
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Source: korrespondent
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