European Defense Stocks Drop After NATO Summit Surge -- Market Talk
Dow Jones
Jun 27, 2025
0830 GMT - Most European defense stocks are in the red in morning trade, after days of consistent rises during the Paris Air Show last week and the North Atlantic Treaty Organization's annual summit in The Hague earlier this week. NATO member states committed to increased defense spending. Hensoldt plunges 3.3%, Babcock International decreases 2.8%, Renk Group is down 2.6%, Rheinmetall falls 2.5%, Leonardo and Saab both lose 1.7%, while BAE Systems goes down 0.6%. In contrast, Spain's Indra Sistemas rises 4.2% after its shareholders on Thursday ratified Angel Escribano as executive chairman. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
June 27, 2025 04:30 ET (08:30 GMT)
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