<div id="readability-page-1"><div>** Shares in European arms makers fall on Friday, with news of a planned next summit between U.S President Donald Trump and with Russian President Vladimir Putin tampering YTD gains** An index of aerospace and defence companies (.SXPARO) is down around 3%, after notching up 64% gains up to Thursday's close** German defence companies Rheinmetall , Renk and Hensoldt are down between 3% and 6%** BAE Systems , Babcock , Chemring Group are down 3-4%** Italy's Leondardo , France's Thales , Sweden's SAAB slide between 3% and 3.5%</div></div>

Shares in European arms manufacturers fell on Friday following news of a planned summit between U.S. President Donald Trump and Russian President Vladimir Putin, impacting year-to-date gains. The aerospace and defense index (.SXPARO) dropped approximately 3%, despite a 64% increase up to Thursday's close. German firms Rheinmetall, Renk, and Hensoldt saw declines of 3% to 6%, while BAE Systems, Babcock, and Chemring Group fell by 3-4%. Italy's Leonardo, France's Thales, and Sweden's SAAB experienced declines between 3% and 3.5%.

Defence companies fall in Europe on Trump-Putin meeting plans