Rheinmetall stock is fairly valued for FY25, but upside remains in the years ahead. Click here to find out why RNMBF stock retains its buy rating.

Shares in BAE Systems, Rheinmetall and Leonardo all added to strong gains this year on Monday amid expectations of rising European defense spending.

This year’s fierce rally in European defense stocks found new legs Monday after leaders on the continent met over the weekend to forge a peace plan for Ukraine, during

European defence company shares retreated on Tuesday, surrendering earlier gains, after record run up on Monday, when stocks were buoyed by the prospect of higher defence spending in the region. The entire sector rose sharply on Monday after the clearest sign yet Europe's leaders were racing to boost spending and help secure peace in Ukraine,