5 European Defense Stocks to Buy Now

1. Kongsberg Gruppen ASA (OSL:KOG.OL)

Kongsberg Gruppen ASA (OSL:KOG.OL) is a Norway-based firm that provides high-tech systems and solutions. It has interests in the maritime, defense, and digital sectors. Some of the solutions it offers to the defense sector include integrated command and control systems, remote control weapon stations, products for military tactical communication, naval strike and air-to-surface missiles, and components for F-35 combat aircraft. The firm was founded in 1814 and employs over 10,000 people. 

Kongsberg Gruppen ASA (OSL:KOG.OL) is a government firm, with more than 50% of the ownership in the hands of Norwegian authorities. The company operates in North America, South America, Asia, Australia, and Africa in addition to Europe. Apart from the defense industry, the firm is also actively seeking to digitize the oil and gas, wind, and merchant marine markets. The stock has jumped nearly 56% in the past year. The Russian invasion of Ukraine has served as a major growth catalyst for the stock. 

You can also take a peek at 10 Best EV Materials Stocks to Buy and 10 Best NFT Stocks to Buy Now.

Follow Insider Monkey on Twitter