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Bloomberg: Expectations of Rising European Defense Stocks Leading Up to NATO Summit
The NATO (North Atlantic Treaty Organization) summit announced with $12 billion worth of defense deals during the Ankara Forum, where Secretary General Jens Stoltenberg emphasized that alliance member countries will invest over $40 billion in capacity development over the next five years to counter drone threats. The European defense companies’ index rose by 17% compared to its lowest point in June, amid expectations of increased demand for their products, as Europe faces mounting pressure to boost its defense spending and achieve military self-sufficiency.
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