Making Battlefield Tech Fuels an 80% Rally for Swedish Stock

A small Swedish firm is Europe’s best-performing defense stock in 2026, an ascent its chief executive puts down to a “third wave” of military spending that’s focused more on computer systems and drones than tanks and ammunition. A small Swedish firm is Europe’s best-performing defense stock in 2026, an ascent its chief executive puts down to a “third wave” of military spending that’s focused more on computer systems and drones than tanks and ammunition.