1036 GMT - Talks among European leaders to strengthen Europe's nuclear umbrella could lead to extra orders for French aerospace and defense groups Thales, Safran and Dassault Aviation, all of which are involved in the production of Rafale fighters, Jefferies analysts Chloe Lemarie and Ben Brown say. French President Emmanuel Macron said he is ready to kick off discussions on nuclear deterrence for Europe, as France and the U.K. are the only European countries with nuclear weapons. Lemarie and Brown say that if a plan is put in place, it could lead to France ordering more Rafale fighters or SNLE submarines, produced by Naval Group, in which Thales has a 35% stake. It could also lead to U.K. orders for nuclear-capable submarines produced by BAE Systems, Babcock International and Rolls-Royce, they add. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 05:36 ET (10:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.