In Sweden, Saab's share has risen by over 12 percent during the initial trading and the same trend is seen for defense shares around Europe.
BAE Systems is climbing 23 percent on the London Stock Exchange and the arms company Rheinmetall is surging 19 percent in Germany. French Dassault Aviation is up 16 percent in the initial trading, Rolls-Royce is up 13 percent and Italian Leonardo has risen 12 percent.
Analysts, including David H Perry at JP Morgan bank, note that the developments over the past two weeks have put a turbocharger on the European military buildup.
