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Arms firms across Europe worth billions more amid talk of Ukraine defence pact

  • European defence stocks surged due to expectations of higher military spending, with shares in major defence firms like BAE Systems and Rheinmetall seeing significant increases, rising by 19% and 14% respectively.
  • Keir Starmer emphasized that Europe must take the lead in defence spending for Ukraine, seeking strong US support.
  • Investors reacted positively to prospects of increased military budgets, contributing to rising share prices among European arms manufacturers.
  • Emmanuel Macron noted the importance of military collaboration to address security threats from Russia.
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L'AGEFI broke the news in on Monday, March 3, 2025.
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