1052 GMT - European defense stocks rise strongly after German Defense Minister Boris Pistorius tells the Warsaw Security Forum that a peace deal between Ukraine and Russia remains "wishful thinking" because diplomatic efforts are failing to provide any meaningful results, he says. NATO will continue to strengthen its air defenses in response to Russia's drone incursions into the alliance's airspace in Eastern Europe, Pistorius says, calling for continued financial and military support for Ukraine. The European Union must provide a much more flexible regulatory framework for the defense industry, he adds. Germany's Hensoldt and Renk Group are among the top risers, gaining 4.6% and 3.5%, respectively. BAE Systems climbs 2.7%, Dassault Aviation rises 2.3%, Leonardo is up 2.15%, and Rheinmetall advances 1.7%. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
September 29, 2025 06:52 ET (10:52 GMT)
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