economy
March 12, 2026
These charts show the size of Europe's defense boom, as companies take stock of the Iran war
Leonardo said Thursday that it is on "a path of strong growth," as defense companies see opportunities in the wars in Iran and Ukraine.
TL;DR
- Leonardo anticipates strong growth, aiming to double profits by 2030.
- Rheinmetall forecasts up to 45% sales growth this year, with a significant future demand for its products.
- The wars in Iran and Ukraine are boosting business for European defense companies.
- Companies like Leonardo (digital defense) and Rheinmetall (land systems) are expanding their offerings.
- Major European defense firms saw an average 57% revenue increase between 2021 and 2025.
- Order intake for these companies also saw significant growth, with Rheinmetall and Saab showing the most explosive increases.
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