NATO's Stoltenberg: Said NATO Now Has Framework Contracts In Place For 2.4B Euros Of Key Ammunition, Including 1B Euros In Firm Orders
Portfolio Pulse from Charles Gross
NATO's Secretary General, Jens Stoltenberg, announced that NATO now has framework contracts in place for 2.4 billion euros of key ammunition, including 1 billion euros in firm orders.
September 28, 2023 | 10:44 am
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NEUTRAL IMPACT
The news may indirectly impact SPY as it tracks a market-cap-weighted index of US large- and midcap stocks, which includes defense companies.
While the news does not directly mention any specific US defense companies, it is likely that some of the companies included in the SPY ETF could be involved in these contracts. However, without specific details, the impact is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The news may indirectly impact VGK as it tracks an index of developed European stocks, which includes defense companies.
While the news does not directly mention any specific European defense companies, it is likely that some of the companies included in the VGK ETF could be involved in these contracts. However, without specific details, the impact is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50