European Defense Supply Prices Jump Over 50% in 2 Years as NATO Spending Rises
Updated
Updated · Bloomberg · May 16
European Defense Supply Prices Jump Over 50% in 2 Years as NATO Spending Rises
3 articles · Updated · Bloomberg · May 16
More than 50% price increases have hit some military supplies in Europe over the past two years, Estonian Defense Minister Hanno Pevkur said in Tallinn.
Pevkur linked the surge to NATO allies ramping up defense spending, which has pushed up demand for weapons and other military equipment.
At the Lennart Meri security conference, he said the inflation is showing up in regular talks with Estonia’s national armament director, underscoring procurement pressure across Europe.
As Europe's defense budget doubles, is it building a stronger military or just a more expensive one plagued by industrial inefficiency?
With cheap drones reshaping warfare, can Europe's traditional arms industry adapt fast enough to this new reality?