KYIV, UKRAINE – JULY 19: A firefighter looks at the damage from a large-scale attack overnight that left at least one person dead and thirteen injured on July 19, 2026 in Kyiv, Ukraine. Kyiv was hit with about 40 Iskander-M and hypersonic Zircon missiles. (Photo by Paula Bronstein/Getty Images) Paula Bronstein | Getty Images News…
Swedish defense company Saab beat earnings expectations in the second quarter, as booming demand for military equipment propelled the fighter jet maker to another quarter of record orders backlog. Shares rose as much as 4.5% in early trading in Stockholm, while other major European defense names were in the red. New order bookings in the…
Ukraine’s President Volodymyr Zelensky attends a ceremony to mark the Day of Ukrainian Statehood in Kyiv on July 15, 2026, amid the Russian invasion of Ukraine. Tetiana Dzhafarova | Afp | Getty Images Ukrainian Defense Minister Mykhailo Fedorov has been dismissed from his post in a surprise move as President Volodymyr Zelenskyy undertakes his fourth…
Anton Petrus | Moment | Getty Images Europe has spent years rebuilding its military in response to Russia’s invasion of Ukraine. Now, investment is increasingly converging around one technology that is seen as central to the continent’s future security: drones. A flurry of announcements over the past two weeks shows just how quickly that shift…
Cars stand in line for gasoline at a Lukoil gas station on July 8, 2026 in Nakhabino outside of Moscow, Russia. Russian cities are experiencing a shortage of automobile fuel caused by numerous Ukrainian drone attacks on oil refineries. Contributor | Getty Images News | Getty Images Ukraine has stepped up its attacks on Russian…
Fire at Omsk oil refinery as the region’s governor says the province came under attack from Ukrainian drones, in Omsk, Russia July 6, 2026, in this picture obtained from a social media video. Reuters Ukraine’s drone attacks have been dominating headlines about its war with Russia — and upended NATO’s investment thesis. Having boosted drone…
U.S. President Donald Trump gestures as he speaks during bilateral meeting at the Bestepe Presidential Compound, following Trump’s arrival to attend the annual NATO Summit on July 7, 2026 in Ankara, Turkey. Win Mcnamee | Getty Images Hello, this is Leonie Kidd coming to you from London. Welcome to the Daily Open newsletter, a special…
Smoke rises over the city following a Russian air attack on Kyiv, on July 2, 2026, amid the Russian invasion of Ukraine. Russian missile and drone strikes rocked Kyiv early on July 2, killing two people and wounding more than a dozen, after President Volodymyr Zelensky warned that Moscow was preparing a “massive attack”. (Photo…
After years of surging military budgets, emergency Ukraine spending and soaring defense stocks, Europe’s rearmament push must now prove it can turn hundreds of billions of euros into weapons, factories and usable military capability. The question for investors no longer seems to be one of defense demand or political ambition, but whether valuations have run…
AeroVironment shares skyrocketed 21% after the dronemaker easily blew past Wall Street’s fiscal fourth-quarter estimates, benefiting from U.S. plans to modernize the military and secure space. The Virginia-based defense company more than doubled revenue from a year ago to $642 million, while funded backlog jumped 65% to $1.2 billion. Revenue for autonomous systems totaled $492…
