5 European Defense Stocks to Buy Now

3. Ultra Electronics Holdings plc (LSE:ULE.L)

Ultra Electronics Holdings plc (LSE:ULE.L) is a London-based firm that provides application-engineered bespoke solutions in the defense and security sector. Some of these include anti-submarine warfare systems, integrated hull and variable depth sonar systems for manned and unmanned platforms, torpedo defense systems, deployable underwater sensors, and electronic warfare systems, among others. The company was founded in 1993 and employs over 4,500 people. 

On January 24, investment advisory Barclays maintained an Equal Weight rating on Ultra Electronics Holdings plc (LSE:ULE.L) stock and raised the price target to GBP 2,350 from GBP 2,200. The firm has business interests in the US in addition to Europe. Some other products that the company markets include manned and unmanned vehicle systems and equipment, ballistic identification, tool mark examination, optical imagery systems, safety sensors, and instrumentation and control systems.