The rally was led by German arms manufacturer Rheinmetall, which jumped 14% in Frankfurt, while UK-based BAE Systems soared 16% in London and Italy’s Leonardo climbed 10% in Milan. Rolls Royce was up 5.7%. The stock surge followed reports that Germany ...

Shares in BAE Systems, Rheinmetall and Leonardo all added to strong gains this year on Monday amid expectations of rising European defense spending.

Europe’s defence spending is skyrocketing, kicking off a global arms race and positioning Aussie defence stocks to ride the wave.

A surge in need for armored vehicles owing to militarization of law enforcement agencies coupled with increase in demand for bulletproof vehicles.

European defense stocks led by Rheinmetall (RNMBY) and BAE Systems (BAESF) surged on Monday after European leaders rallied to Ukraine following

The prospect of a military spending boom by Germany unprecedented since the Cold War sent Europe's defence stocks soaring after Reuters reported the likely next government was mulling a fiscal sea change for Europe's biggest economy.

More market analysis has also noted that JPMorgan recently increased its price target for BAE Systems, reflecting a positive outlook on its future performance.

Europeans would need to ramp up military spending quickly, a notion that has set off a market rally, led by defense stocks.

Invezz.com - Shares of European defense companies surged on Monday as investors bet that governments across the continent would significantly ramp up military spending. Rolls Royce (LON:RR) was up 5.7%. The stock surge followed reports that Germany’s CDU ...