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Keyword: noitsnojoke

Windfall for European arms makers as Brussels ramps up defence spending

03/08/2025 8:43:33 AM PST · by buwaya · 44 replies
Radio France International (RFI) ^ | 3/7/2025 | Jan van der Made

Weapons manufacturers across Europe are rushing to secure contracts after EU countries announced plans to dramatically increase defence spending. Share prices of European arms companies had already risen sharply following the US decision to suspend military aid to Ukraine. ... Von der Leyen suggests the EU could raise "close to" €650 billion over four years, which would be added to a €150 billion loan to member states for defence investment, totalling €800 billion. European arms manufacturers view this as a golden opportunity to compete against their US rivals.

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