2025年北约峰会预览-下一阶段

M IdeaAerospace & Defence | EuropeNATO Summit 2025 Preview - The Next LegWith the defence spending target now widely expected to be increased at the upcoming Summit, can recent sector gains be maintained? We find precedents for multiples to hold, and note positioning remains supportive. We remain bullish, and would see any pullback near term as a buying opportunity. Morgan Stanley & Co. International plc+Ross Law, CFAEquity Analyst Ross.Law@morganstanley.com +44 20 7677-0560 Marie-Ange RiggioEquity Analyst Marie-Ange.Riggio@morganstanley.com +44 20 7677-2003 Aerospace & DefenceEuropeIndustry ViewAttractiveThe upcoming NATO Summit, taking place from 24-26 June in The Hague, Netherlands, represents a pivotal moment for the future of the alliance and transatlantic relations. With the European defence sector u