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European defense stocks are experiencing significant growth as the war in Ukraine approaches its fourth anniversary. Notably, Rheinmetall AG has seen its shares rise over 2,500% since early 2022, reaching an all-time high after Germany revised its defense spending limits to increase its budget. In the latest quarter, Rheinmetall reported $2.7 billion in sales.
Another key player, Saab AB, has surged nearly 200% year-to-date due to increased orders and accelerating profitability, projecting a 26% revenue growth for 2025. The company reported $2.05 billion in Q2 2025 revenue, marking a 44% year-over-year increase.
BAE Systems PLC, boasting a market cap of $83 billion, has over $100 billion in contractual backlogs and recently signed a $1.2 billion contract with the U.S. government, further solidifying its position as a stable yet growing entity in the defense sector.
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