Here is an article from SalkunRakentaja that also discusses “defense stocks”.
- America craze shifted to the defense industry
- The financial sector became a favorite among domestic companies
3 Likes
13 Likes
KONGSBERG delivered strong revenue growth with an increase of 28 per cent compared to Q1 2024
“Kongsberg Q1 2025 presentation: 28% revenue growth amid strong defense demand”
1:5 osakesplitti 4. Kesäkuuta
13 Likes
An impressive leap from Kongs! 
We are living in exciting times.
1 Like
I don’t know if anyone will start researching Chinese defense companies, and I don’t know if they are even readily available on stock exchanges. 
The article below reports how Chinese defense company stocks rose significantly when Pakistan allegedly used Chinese-made J-10C fighter jets to shoot down Indian fighter jets. AVIC’s subsidiaries, in particular, rose on the stock exchanges, and AVIC Chengdu Aircraft’s stock rose by as much as 17 percent.
Pakistan is the largest buyer of Chinese weapons, and over 60 percent of China’s arms exports between 2020 and 2024 went to Pakistan.
According to experts, the escalation of the conflict could increase expectations of increased Chinese arms exports to Pakistan, which could explain the rise in stocks. Although the situation might remain a temporary phenomenon in the markets, geopolitical risk and military cooperation with Pakistan support the short-term appreciation of defense companies, the article further states.
https://www.cnbc.com/2025/05/08/china-defense-stocks-surge-as-india-pakistan-tensions-escalate.html
6 Likes
Business for Finns.
28 Likes
I believe that this massive investment by Germany in developing its armed forces will also be reflected in the future in the strong growth of German defense industry companies, product development, and consequently, exports.
And of course, developing national defense today is a much broader matter than merely expanding the army, so this will radiate into many sectors.
https://www.dw.com/en/germany-aims-to-have-strongest-military-in-europe-merz/a-72546478
7 Likes
Well, here are a few quite unfamiliar companies at the top for me. 
https://x.com/Investywise/status/1923272263324901416
13 Likes
Many companies operating in the defense sector already have quite high valuations (e.g., Rheinmetall forward P/E 57, Saab’s same figure 44), but now at least states have money to order goods from them:
EU agrees to launch €150bn loans-for-arms scheme | Financial Times
Alustava sopu: EU-lainalla hankitaan pääosin eurooppalaisia aseita | Kauppalehti
If the debt-funded investment wave in defense truly materializes, it will undoubtedly be reflected in the sector’s growth figures. For comparison: the EU defense sector’s turnover in 2023 was $158.8 billion, and this joint debt is thus €150 billion if fully utilized.
With strong growth figures, valuation multiples will quickly come down, and there is certainly still potential for good returns at the sector level, but I don’t believe all companies will necessarily win here. The planning and modernization processes for military equipment are slow and deliberate, often seeking very specific solutions for each nation’s needs (these can be influenced by, for example, terrain and existing equipment). This makes it difficult to assess whether weapons, tanks, fighter jets, or submarines will be stockpiled now. Another question mark is the sector’s ability to respond quickly to growing demand.
In summary, growth in the defense sector will not be limited by money, but actual need and production capacity will determine which companies receive the most funding.
21 Likes
More 
production capability for Europe. Lockheed Martin and Rheinmetall are starting cooperation in production in Europe.
26 Likes
The article below describes how German defense company Renk is recruiting talent from the struggling automotive industry as it aims to meet increased demand.
Amid geopolitical tensions and Germany’s growing defense budget, Renk’s share price has risen over 300 percent this year alone, and its order backlog has grown by 164 percent.
According to the article, the company has leveraged the automotive industry background of CEO Alexander Sagel and COO Emmerich Schiller by recruiting engineers from there who bring with them various efficiency and quality processes, among other things.
The article also describes how the automotive industry in Germany is undergoing a transformation with electrification, digitalization, and new mobility concepts, while the defense industry grows with the “support” of political decisions.
IG Metall has warned that attracting labor to the defense industry could lead to a one-sided industrial policy; on the other hand, some experts, however, see an opportunity to utilize the expertise of the automotive industry in defense production and simultaneously maintain jobs.
9 Likes
J.P. Morgan has raised its price targets for five European defense companies, citing improved financial performance forecasts and increased government commitment to military spending
Hensoldt’s price target was raised to €110 from €50, reflecting a 20% upside from its current level.
Renk’s target increased 25% to €87.5. Rheinmetall’s remains at €2,100, implying 11% upside.
Luxembourg is increasing defence spending to 2% of Gross National Income by end of 2025.
https://www.luxtimes.lu/luxembourg/luxembourg-doubles-defence-spending-by-2025-focusing-on-innovation-and-sme-integration./69183330.html
8 Likes
Belgium plans to form an investment fund of €36 billion, which will finance a large-scale rearmament of the army and the formation of a new mechanized brigade
https://militarnyi.com/en/news/belgium-unveils-ambitious-plan-to-strengthen-its-military-navy-fighters-and-new-brigade/
6 Likes
Eutelsat plunged 15% today.
South Korean Hanwha, which owned 5.4%, offloaded its shares at 3 Euros each.
Although Eutelsat, through OneWeb, is even a potential European alternative to Starlink in the future (where Americans would not have the main control switch), Hanwha justifies that they want no part in Eutelsat’s civilian business operations.
The interesting question is, will the taxpayer’s wallet be dug into next in France? Or in Britain? Or in both countries?
4 Likes
Will anything concrete materialize from this?
The drone industry also focuses on cybersecurity threats
3 Likes
LMT
−6.60%
Lockheed Martin
LMT
is facing a setback as the US Air Force scaled back its request for the F-35 by half, Bloomberg News reported Wednesday.
A procurement request document sent to Capitol Hill this week asked for only 24 of the warplanes instead of the 48 forecast last year, according to the report.
Vittusaatana.
2 Likes
Why has Rheinmetall trading been suspended?
Edit: seems like a bug? I checked through the fund and it apparently showed incorrectly. No worries.
Jussi Halme has made a video about European defense companies. 
Europe is in the midst of a historic defense policy upheaval. Russia’s invasion of Ukraine has permanently changed the security environment and forced Europe to drastically increase defense spending. In this video, I go through what this means for investors, and why the defense industry has become one of the hottest sectors in European stock markets.
But is it still wise to invest in the defense industry at current prices?
EDIT:
I’m starting to research Leonardo, as it seems to be available on Nordnet now 
I even managed to create a thread for it, until I realized it wasn’t available on Nordnet back then.
7 Likes
Eurooppalaisen puolustusteknologiayritys Helsingin 600 miljoonan euron rahoituskierrosta “johti” Prima Materia, joka on Spotifyn perustaja Daniel Ekin pääomasijoitusyhtiö.
Yritys kehittää tekoälyä, joka analysoi taistelukentän sensoridataa. Rahoitus käytetään Euroopan teknologisen itsenäisyyden vahvistamiseen. Kyseessä on saksalainen teknologiakonserni eikä ole julkisen kaupankäynnin kohteena, eli pörssistä sitä ei voi ostaa.
Puolustusteknologia tietysti kiinnostaa sijoittajia kasvavien globaalien konfliktien vuoksi.
"Key Points
- European defense tech firm Helsing’s 600-million-euro funding round was led by Prima Materia, Spotify founder Daniel Ek’s venture capital firm.
- Defense tech has become a hot area for investors lately amid major global conflicts.
- Helsing was previously valued at around 5 billion euros in a 450 million euro funding round led by General Catalyst last year."
5 Likes