【Jefferies-2025研报】今日邀请北约峰会前杰富瑞专家解读欧洲防务.pdfVIP

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EUROPE|AerospaceDefenseElectronicsMay15,2025

*TODAY*INVITE:JEFExpert-Navigating

EuropeanDefenceAheadoftheNATOSummit

WearehostinggeopoliticaldefenseconsultantRymMomtaz.Withparticular.

expertiseonFrenchforeignanddefensepolicy,Europeangeopolitics,andthe

transatlanticrelationship,shewillprovideinsightsintoEuropesrecentfocus

ondefenseaheadoftheNATOSummit.Rymwillmakeapresentationwhich

willthenbefollowedbyQA.Youcansubmitquestionsaheadviaemail.

Thursday,15May2025,4:00PMBST/5:00PMCEST/11:00AMEDT.Register

here.

Details.Thursday,15May2025,4:00PMBST/5:00PMCEST/11:00AMEDT.Registerhere.

Relevantstocks.ContinentalEuropedefensenamesinparticularDassaultAviation,Hensoldt,

Leonardo,RENK,RheinmetallandThales,butalsorelevantforourUKdefensecoverageincluding:

AvonTechnologies,Babcock,BAESystems,Senior,ChemringandQinetiQ,alongwithcivilnames

withsignificantdefenseexposures:Airbus,MTUAero,Rolls-Royce,Safran.

Discussiontopics.

•Europesneedtore-arm–WhathaschangedsincetheMunichSecurityConferenceinthe

assessmentofEuropescapabilitiesandinvestmentneeds?

•NATOSummit–Whattoexpectintermsofaouncementsatthesummit?Whatwould

betherightlevelofspendforEuropeafterdecadesofunder-investment?Couldthealliance

implodegiventheUSschangingpriorities(tradedeficit,focusonthePacific)?

•EUwhitepaper–IstheEUagoodalternativetoNATOfordefensecoordinationacross

Europ