European nations are answering the call to invest more in our own defense readiness with a nearly one trillion-dollar plan to buy new weapons and technological equipment. Building on lessons learned from Russia’s war in Ukraine, it’s a move that rebalances our transatlantic military alliance in a way that is long overdue. It should also make American defense firms sit up and take notice. A stronger Europe means a stronger NATO, and stronger cooperation between European nations and the United States in the realm of defense. Our plan, Readiness 2030, calls for an historic investment in defense spending— up to $910 billion. It also adjusts rules for financial institutions, allowing them to offer loans and provide more financial flexibility to EU member states for defense spending. This plan is focused on not only today’s realities, like protecting Ukraine, but also the potential threat of future warfare.
Europe’s defense investments signal big wins for American industry
