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Shares of European defense champions Thales, Indra Group, and Dassault Aviation jumped as the continent's defense upcycle translated into another quarter of higher revenue and swelling order books.
Shares of French manufacturer of military aircraft and business jets, Dassault Aviation, rose as much as 10% in morning trading after it reported adjusted net sales rising 46% year-on-year to 4.2 billion euros ($4.8 billion) in the first half of 2026.
Thales and Indra stocks rose as much as 5% each after the companies reported half-year earnings early Thursday.
For Thales, Europe's biggest defense electronics group, sales grew nearly 8% year-on-year while order intake increased by 22%.
"Amid an increasingly uncertain geopolitical context, Thales' products and solutions underpinned by security, sovereignty and innovation once again demonstrate their relevance and appeal on a global scale," CEO Patrice Caine, said in a statement.
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