MILAN (Reuters) – Europe’s aerospace and defence stocks rallied on Monday as the region’s top political leaders called for an emergency summit on the Ukraine war amid growing U.S. calls to boost military spending for security.
By 0820 GMT, shares in Germany’s Rheinmetall, Sweden’s Saab AB, Britain’s BAE Systems, Italy’s Leonardo and France’s Thales were up between 4.3 and 8.3%.
Their gains pushed the STOXX Aerospace and Defence index up 2.7% to a new lifetime highs. The index has more than doubled in value since Russia invaded Ukraine three years ago. The broader STOXX 600 index edged up 0.2% on the day.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
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