Europeans would need to ramp up military spending quickly, a notion that has set off a market rally, led by defense stocks. Russian Invasion of Ukraine (2022), Defense and Military Forces, Stocks and Bonds, Defense Contracts, BAE Systems PLC, European Union, Rheinmetall AG, Leonardo SpA Europeans would need to ramp up military spending quickly, a notion that has set off a market rally, led by defense stocks. NYT > Business