Which defence firms are riding the rearmament wave?

NATO has called on member countries to increase their defence spending, with a new target of 5% of GDP set to be agreed at this month’s summit. This follows measures drafted by the European Commission earlier this year, as concerns over the continent’s security continue to rise. As countries conduct the largest remilitarisation campaign since the Cold War, the EU insists that a large amount of rearmament should be sourced from within the continent. Many defence contractors in WisdomTree’s Europe Defence UCITS Index have since reported high revenue growth and record-breaking order books. Which...