Why are European defence stocks not doing better?

What happened: European defence stocks are not performing better despite governments signing large spending commitments, because contractors need time to ramp up production. Why it matters: The lag between government spending pledges and actual contractor output means defence companies cannot convert new budgets into results quickly. Total: 316 characters.

European defence stocks underperforming despite sector focus, signaling investor uncertainty.

European defence stocks underperforming despite sector focus, signaling investor uncertainty. — impact context not separately stored; see What changed.