European defence stocks jump as investors pile into sector on Iran conflict

(Corrects to show ​Kongsberg ⁠is Norwegian, not ​Danish in 4th bullet) ** Shares in ​European defence ‌companies jump as investors ⁠rotate into the sector after ⁠U.S.-Israeli strikes ​on Iran and Iranian retaliation over the weekend

** JPM says civil ​aerospace ‌faces pressure while defence is "likely to rise," naming BAE Systems as the ​most exposed to a potential increase ‌in U.S. spending with about 50% of its ‌sales in the country

** BAE Systems shares rise 7.4%

** Among other ​stocks, Germany's Rheinmetall, Italy's Leonardo, France's Thales ‌and Dassault Aviation, Sweden's SAAB, Norway's Kongsberg climb about 3.7%-8.5%

** Citi analyst ⁠Charles ⁠J Armitage says the ‌conflict is likely to increase investor focus ​on ​missile-defence systems including ESSI (Arrow-3, ‌Patriot, IRIS-T SLM, NASAMS) and SAMP/T, pulling in suppliers including Rheinmetall (Reporting by Maria Rugamer)

BAE Systems

Leonardo

Thales

Dassault Aviation

Kongsberg

Exail Technologies

Exosens