European defense stocks surged further on March 3, driven by heightened military spending commitments across the continent.
BAE Systems plc (OTCPK:BAESY) 2024 Full Year Results Earnings Conference Call February 19, 2025 4:00 AM ET Company Participants Charles Woodburn – Chief Executive Officer Tom Arseneault – President and Chief Executive Officer, BAE Systems, Inc. Brad Greve – Chief Financial Officer Conference Call Participants Ross Law – Morgan Stanley Robert Stallard – Vertical Research Olivier Brochet – Redburn Atlantic Ian Douglas-Pennant – UBS Ben Heelan – Bank of America Chloe Lemarie – Jefferies David Perry – JPMorgan George McWhirter – Berenberg Charles Woodburn Hello, everyone, and thank you for joining us this morning. I'm incredibly proud of the results we're reporting today and of the contributions our people have made to achieve another year of strong financial and operational performance as we continue to support our customers around the world.
European stocks moved higher on Monday, led by a sharp rise in defense shares as governments across the continent signalled an urgent need to increase military spending. The pan-European Stoxx 600 closed Monday's session 0.54% higher, lifted by an over 4% jump in the Stoxx 600 Aerospace and Defense index.
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Here is how Bae Systems PLC (BAESY) and Curtiss-Wright (CW) have performed compared to their sector so far this year.