Czechoslovak Group

Money Moves

Publicly traded on Euronext Amsterdam

Europe spent three decades letting its defense industrial base wither. Now it's racing to rebuild.

Updated May 23

Money Moves

Completed record-breaking defense IPO on Euronext Amsterdam

For three decades, the Pentagon told defense contractors to consolidate. Now it's paying $1 billion to help one spin off, taking an equity stake in L3Harris's solid rocket motor business in January 2026 — the first time it has directly invested in a defense supplier. Congress passed an $838.7 billion FY2026 defense budget with $2.9 billion for munitions and industrial capacity expansion, while Raytheon announced five framework agreements to triple Tomahawk production and double AMRAAM output.

Updated May 22