Ukraine War, Global Tensions Lift European Arms Makers’ Orders, Share Prices
LONDON—Europe’s defense contractors are boosting orders and enjoying surging stock market valuations, lifted by higher government spending and the expectation of more sales to come as the Ukraine war grinds on.
BAE Systems
BAESY -0.88%
PLC, Europe’s largest defense contractor, was the latest in a parade of big arms makers to post a large jump in annual orders for 2022. It joined peers such as Sweden’s
Saab
AB and Norway’s…