Rheinmetall AG

Saab AB (publ)

Shares of defense companies in Europe fell in price at trading on January 22 - after the statements of U.S. President Donald Trump about unwillingness to use force to seize Greenland. Analysts at JPMorgan Chase &amp; Co. saw the current decline in quotes as an opportunity to invest in the sector, <a href="https://www.bloomberg.com/news/articles/2026-01-22/jpmorgan-says-buy-dip-in-defense-stocks-after-trump-comments">Bloomberg</a> writes.

'New world order': JPMorgan advised to buy EU defense stocks on the downturn

BAE Systems plc

Leonardo S.p.a.

Airbus SE

Further revaluation of the sector is unlikely due to conflicting geopolitical factors, analysts believe

Europe's rally in defense stocks is nearing a peak, says Deutsche Bank. What to buy?

Thales S.A.

Two hotbeds of tensions - Venezuela and Greenland - sent the sector's quotations skyrocketing

Europe's defense companies rise for the fourth day in a row. Which stocks to bet on

Hensoldt AG

RENK Group AG

Shares of European defense companies fell Dec. 15 amid a new twist in talks on a possible peace deal that could end the war in Ukraine, CNBC <a href="https://www.cnbc.com/2025/12/15/european-defense-stocks-slide-as-zelenskyy-ditches-ukraine-nato-bid.html">reported</a>.

European defense stocks fell after Zelensky's words on NATO abandonment

Rolls-Royce Holdings plc

European defense stocks remain bullish: the sector has an attractive valuation and encouraging historical dynamics, Morgan Stanley believes. "All the stars have aligned for a strong seasonal recovery," the bank's team of analysts, led by Marina Zavolok, wrote in a note <a href="https://www.bloomberg.com/news/articles/2025-12-09/europe-s-defense-rally-is-just-beginning-says-morgan-stanley">quoted</a> by Bloomberg. - Typically, growth [in this sector] starts late in the year and accelerates in January."

Europe's defense stock rally is just beginning - Morgan Stanley. Who is he betting on?

Babcock International Group PLC

The US President said that the outcome of the talks between the White House representatives and the Ukrainian delegation inspires him with optimism

European defense stocks fall after Trump's words on Ukraine peace deal

Daimler Truck Holding AG

Mercedes-Benz Group AG

The German parliament is preparing to approve €2.9 billion ($3.4 billion) for 11 contracts in military purchases, including drones, rifles and missiles, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-11-28/germany-set-to-approve-2-9-billion-in-arms-in-defense-surge">reported</a>. Most of the orders will go to German manufacturers.

Germany is preparing a €2.9 billion military procurement. Which stocks will benefit?

Securities of German arms manufacturer Rheinmetall fell in price on Monday, November 24, on the Frankfurt Stock Exchange by 5%, and over the last five sessions - by more than 16%. Other European arms manufacturers Saab, Leonardo S, and BAE Systems also saw their share prices fall. Goldman Sachs' index portfolio of sector stocks is now about 25% below its early October peak and has fallen to its lowest levels since April. The recent drop in quotes has taken away the excessive excitement surrounding the powerful rally in European defense stocks that began around the end of February 2022, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-11-24/european-defense-stock-rally-crumbling-as-ukraine-talks-progress">notes</a>.