European defense stocks surged further on March 3, driven by heightened military spending commitments across the continent. Leading the charge is Rheinmetall AG (ETR: RHM), which is now up almost 12% at midday timestamp. The German powerhouse continues to soar, with a current price of €1,128.50 (just under $1,182). Following closely are Thales SA (EPA: HO) from France, up by over 13%, and BAE Systems plc (LON: BA) from the UK, which gained around 14% on Monday, March 3.