European Defense Stocks Rally on Report of Fast-Tracked EU Approval
European defense stocks rose sharply Friday after a report said the European Commission would fast-track antitrust approvals for a joint venture between Airbus, Leonardo and Thales.
European defense stocks climbed sharply Friday after a report said the European Commission would expedite antitrust approval for a joint venture involving Airbus, Leonardo and Thales. The satellite venture, Project Bromo, would consolidate Europe's space sector and test the EU's new merger approach.