The largest NATO defense corporations have risen 21.5% in market value due to military involvement in Ukraine. Market capitalization is now $703 billion, up from $579 billion. German arms manufacturer Rheinmetall saw the greatest surge in share price at 122%.
From RT:
Other notable mentions in the report include BAE Systems (+40%), Kongsberg Gruppen (+37%), General Dynamics (+24%), and Raytheon Technologies (+19%). The report pointed out that the value of NATO’s military giants was soaring while the overall Western corporate sector sank by 16% last year, according to the S&P 1200 index, suggesting that arms manufacturers were likely the main beneficiaries of the political crisis in Europe.
