Vivienne Machi, Defense News:
The European Union is targeting a €70 billion ($74 million) increase in defense spending over the next three years, and rushing to promote more joint procurements among its members, officials said Dec. 8.
Russia’s war against Ukraine has forced Europe to face the return of conventional warfare on its continent, and with that, the impact of decades of underinvestment in its defense capabilities. Dwindling munitions stockpiles, in particular, have officials scrambling to rebuild those arms chests collectively.
EU scrambles to channel hefty defense-spending boost into joint buys (defensenews.com)
