European defence stocks rose in premarket trading Tuesday, with BAE up 1.6% and Thyssenkrupp rising 2.4% on Germany’s Tradegate exchange.
European weapons manufacturers from Thyssenkrupp to BAE Systems and smaller drone makers stand to gain the most from Germany’s massive defence-spending splurge, according to people familiar with the matter, after comments by US President Donald Trump raised doubts about the US’s commitment to transatlantic cooperation.
At the top of Berlin’s shopping list are six F127 battleships from Germany’s ThyssenKrupp Marine Systems valued at more than EUR15 billion ($21.82 billion), and 20 added Eurofighter jets from BAE and its partners worth some EUR3 billion, said the people, who spoke on condition of anonymity as the procurement plans aren’t public.

