European defense is being repriced in public, and most portfolios are still holding the last war. We name the mispricing before the print.
Multi-domain exercise Northern Viking concludes across the GIUK gap as electronic warfare jamming incidents increase along the Baltic corridor.
RHM-DE (+4.18%) advances on €1.2bn BAAINBw Boxer call-off while Saab (+2.85%) gains on Nordic sensor awards against flat SXPARO close.
German Bundestag greenlights €8.5bn framework for 155mm energetics while EU prime order books reach record 4.8x book-to-bill multiples.