Greenbrier's Q3 Beat Great, But NATO Spending Related Long-Term Prospects More Exciting

  • NATO's new defense spending target of 5% of GDP could significantly increase European infrastructure investments, as it serves to liberate EU member states from stringent deficit rules. This policy shift may unlock hundreds of billions, or even trillions of euros in infrastructure spending by the mid-2030s, which in turn will stimulate rail transport demand. Greenbrier Companies stands to benefit in the long term, as it has rail cart manufacturing facilities in Europe.