Europe’s Top Returning Stock Has 10-Year Defense Boom Ahead

Steyr Motors AG, an Austrian maker of diesel engines used in tanks and military boats, says it can easily double output to meet European demand amid an arms race that’s lifted its stock by almost 300% this year.

The company already made 61% of its €41.7 million ($45.3 million) of revenue last year from deliveries to the defense industry, and that share is set to increase in coming years, CEO Julian Cassutti said in an interview on Thursday.

https://www.bloomberg.com/news/articles/2025-03-14/europe-s-top-returning-stock-still-has-10-year-demand-boom-ahead