Shares in NATO weapons manufacturers are rising

(MENAFN) Due to the military action in Ukraine and the rearmament of Western Europe, the major military and defense businesses of NATO member states have witnessed a 21.5 percent increase in market value in last year, according to the Moscow newspaper Vedomosti. Moreover, the publication used information from Tradingview analytics and Defense News.

According to the estimations, the market value of the firms climbed from USD579 billion in December 2021 to USD703 billion in December last year.

The list comprised 25 publicly traded firms with a market worth of over USD1 billion that primarily generate their revenue from the sale of military goods and are actively engaged in supplying Ukraine with weapons.

The report's authors identify Rheinmetall, a German maker of weapons, as the biggest gainer during the last 12 months thanks to a 122 percent increase in share price. Thales, a manufacturer of drones and missiles, had a 54 percent increase in market value. The stock of American defense firm Northrop Grumman increased by 44 percent, while Lockheed Martin, a manufacturer of HIMARS rocket launchers, saw a 42 percent increase.

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