These charts show the size of Europe's defense boom, as companies take stock of the Iran war
Airfind news item
By Elsa Ohlen
Published on March 12, 2026.
Italian defense company Leonardo has announced plans to double its profits by 2030, a move that aligns with the growing trend of European defense companies following the Iran war. The announcement comes as Rheinmetall forecasts its sales could grow by up to 45% this year and both companies have record-high order backlogs. The company's CEO, Roberto Cingolani, warned of the rise of hybrid threats that increase uncertainty and operational complexity.
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