Making Tech for the Battlefield Fuels 80% Rally in Swedish Stock

A small Swedish firm is Europe’s best-performing defense stock in 2026, an ascent its chief executive puts down to a “third wave” of military spending that’s focused more on computer...

By Jonas Ekblom and Isolde MacDonogh · Bloomberg Markets

A small Swedish firm is Europe’s best-performing defense stock in 2026, an ascent its chief executive puts down to a “third wave” of military spending that’s focused more on computer systems and drones than tanks and ammunition.