5 European Defense Stocks to Buy Now

2. Airbus SE (PAR:AIR.PA)

Airbus SE (PAR:AIR.PA) makes and sells aerospace products. It is one of the largest airplane manufacturers in the world. The company is based in the Netherlands. It has extensive interests in the defense sector. On March 31, news platform Bloomberg reported that the company was looking at alternatives to titanium as it sought to ensure a production ramp in airplane manufacturing. The titanium shortage has hit the firm since Western sanctions on Russia barred businesses from buying raw materials from Russia. 

On March 18, investment advisory JPMorgan maintained an Overweight rating on Airbus SE (PAR:AIR.PA) stock and raised the price target to EUR 170 from EUR 165. Analyst David Perry issued the ratings update. In February, Morgan Stanley analyst Andrew Humphrey had also maintained an Overweight rating on Airbus SE (PAR:AIR.PA) shares and raised the price target to EUR 137 from EUR 135. The company recently partnered with Delta for the development of a hydrogen-powered plane.