Night Vision Goggle-Maker Becomes Billionaire in Europe's Defense Push [Yahoo! Finance Canada]
LEONARDO SPA UNSP/ADR (FINMY)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg 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. Theon International Plc, a maker of night vision goggles founded by Hadjiminas, is one top beneficiary. The Cyprus-based company's share price has surged more than 70% this year through Tuesday, catapulting Hadjiminas into the ranks of the world's ultra-rich with a fortune of about $1.4 billion. “We are an overnight success that took 27 years to happen,” Hadjiminas, 64, also Theon's CEO, said in a telephone interview from his native Greece. “Finally we feel recognized for the hard work we've been doing for so many years.” He declined to comment on his net worth. Rapid gains at companies such
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