Night Vision Goggle-Maker Becomes Billionaire in Europe’s Defense Push
Theon International night vision goggles.
Source: Theon International Plc
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Christian Hadjiminas was disgruntled with his military equipment company’s share price at the end of last year. The former Phibro-Salomon commodities trader is now happier — and richer.
European defense stocks are surging since Donald Trump told the continent in recent weeks that it can no longer rely on the US to defend it. That’s added at least $10.7 billion to the fortunes of individuals and families behind some of the continent’s top defense businesses, data compiled by Bloomberg shows, as regional leaders scramble to boost military spending.