Defense stocks gain renewed focus on Russia-Ukraine conflict: Stock forecast on $GD, $LTM, $RTX, $NOC, $BAESY
island in this sea of red. Already up for the year, Russia's invasion of Ukraine on February 24 has triggered a massive jump in defense stocks after formerly neutral and relaxed European nations have announced a number of new investments in their militaries.
Before the war even began, Russia had been staging forces on the border with Ukraine. Poland already sent a request to the US Congress on February 17 to buy over $6 billion worth of equipment. In particular, Both Sweden and Switzerland, hardcore neutral nations, have thrown off their prior stance. Sweden has sent anti-tank weapons, and Switzerland has said it would vote with the European Union for financial sanctions again Russia.
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