UK defense companies rise after UK-US trade deal comes into effect

Avon Technologies

30/06/2025 09:36

** Shares in UK's defence sub-Index .FTNMX502010 up 1.83% after US-UK trade deal goes into effect

** 10% tariff for aircraft engines and parts removed under new deal

** Rolls Royce RR.L top gainer in the defence sub-index and broader FTSE 100, up nearly 3%

** QinetiQ QQ.L climbs up 2.2%

** Chemring CHG.L, Melrose Industries MRON.L, Avon Tech AVON.L rise over 1%

** YTD, sub-index up 63.8%

 (Reporting by Unnamalai L in Bengaluru)

 ((Unnamalai.L@thomsonreuters.com;))