Even after explosive run, European defence stocks may still have firepower left
Increased nationalist spending by governments could mean that valuations of these companies could march higher
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[SINGAPORE] On Sunday (Jun 1), more than 100 Ukrainian drones, reportedly launched from deep in Russian territory, damaged or destroyed US$7 billion worth of Russian aircraft.
That same day, Ukraine was struck by over 470 Russian drones and seven missiles, the heaviest barrage since the full-scale invasion began in February 2022.
Less than a day later, negotiators from both sides met in Istanbul for peace talks – the first real attempt in months to halt a war that has become Europe’s largest conflict since World War II.
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