Industrials Up on Defense Spending Expectations - Industrials Roundup

Shares of industrial and transportation companies rose amid expectations of higher defense spending.

Shares of Bombardier rallied after Canadian Prime Minister Mark Carney unveiled a new multibillion dollar Defence Industrial Strategy initiative to rebuild the North American nation's military. Rising tensions between the U.S. and Canada are likely to simmer as the nations renegotiate a North American trade deal.

British defense contractor BAE Systems posted a 10% increase in sales in 2025, fueled by large orders for Eurofighter Typhoon jets, frigates and combat vehicles placed by European governments.

A major U.S. arms-sales package for Taiwan is in limbo following pressure from Chinese leader Xi Jinping and concerns the weapons deal would derail President Trump's coming visit to Beijing.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

02-18-26 1747ET