Leonardo SpA
European companies are jumping on the defense bandwagon as EU plans security splurge
From cruise ships to telecommunications, European companies are finding ways to increasingly pivot to military contracts as they seek to cash in on a defense boom that’s sweeping the continent. Europe’s defense sector has exploded in value this year, with the industry’s publicly listed companies riding a wave of bullish sentiment that has seen some […]
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NATO members just committed to hike defense spending – and these companies could reap the rewards
With NATO members committing to a much higher defense spending target, certain companies are expected to see huge boosts to their bottom lines – particularly those headquartered in Europe. NATO announced at its annual summit last week that its members had agreed to drastically ramp up defense spending, with the majority of its 32 member […]
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Defense stocks abruptly stem losses as Trump’s tariffs wreak havoc on global markets
Armin Papperger, Chairman of the Executive Board of Rheinmetall AG, stands at the annual press conference at Group headquarters. Picture Alliance | Picture Alliance | Getty Images European defense giants whipsawed on Monday, abruptly paring losses as investors continue to grapple with a broad stock market downturn. U.S. President Donald Trump showed no signs of […]
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Europe wants to pour billions of dollars into its own defense companies — but market watchers say it may not be able to shut American firms out
New army recruits of the Bundeswehr, Germany’s armed forces, during basic training on Nov. 29, 2022 near Prenzlau, Germany. Sean Gallup | Getty Images As Europe plans to pour billions of dollars into defense, many regional leaders are pushing for the money to be spent locally — but some market watchers say it’s inevitable that […]
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European markets open lower; Novo Nordisk, Novartis retreat
European markets opened lower on Tuesday as global markets buckle amid anxiety that the U.S. economy will suffer because of President Donald Trump’s trade tariff policies. The pan-European Stoxx 600 index was around 0.2% lower shortly after the opening bell, with the U.K.’s FTSE 100 down 0.2%, while France’s CAC 40 was up 0.3%, and […]
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Germany’s election could further boost Europe’s defense sector — and these stocks are set to benefit, analysts say
Germany headed to the polls on Sunday for the country’s federal election, with the result paving the way for a new coalition government. Source
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Schneider Electric shares pop 6% as record profit beats expectations; Europe stocks mixed
Renault reports record operating profit and revenue beat French automaker Renault on Thursday posted its highest-ever annual operating profit while revenues came in well above expectations, as the company said its “unprecedented” flurry of product launches had boosted performance. Group revenue increased 7.4% year on year to 56.2 billion euros ($58.6 billion), ahead of the […]
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'Stupidity' poses a greater danger than AI, CEO of Italian protection big Leonardo suggests
Roberto Cingolani, chief govt officer of Leonardo SpA, throughout an interview in London, United kingdom, on Tuesday, Jan. 23, 2024. Bloomberg | Bloomberg | Getty Images The chief executive of Italian protection group Leonardo mentioned Friday that he is much more concerned about the “stupidity” of users of synthetic intelligence rather than the threats posed by the technological […]
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With no Boeing passenger jets at the Singapore Airshow, Airbus and China just take centerstage
An aerial picture demonstrates Boeing 737 MAX airplanes parked on the tarmac at the Boeing Manufacturing unit in Renton, Washington, U.S. March 21, 2019. Lindsey Wasson | Reuters SINGAPORE — Boeing will not be bringing any industrial planes to the Singapore Airshow, shifting the highlight for passenger jets to rival Airbus as properly as China’s […]
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China will showcase its domestic jetliner at the Singapore Airshow. Right here's what else to hope
A product of Comac’s C919 plane at the Singapore Airshow on Feb. 6, 2018. SeongJoon Cho / Bloomberg / Getty Illustrations or photos SINGAPORE — China is gearing up to showcase its narrow-physique passenger jet to a world-wide audience for the 1st time at the Singapore Airshow. Touted as a competitor to Boeing’s 737 and […]
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