Important Takeaways:
- WWIII Watch: Europe Defense Spending Soars with Tanks, Missiles, Fighter Jets, Attack Helicopters, All on Order
- Russia invaded Ukraine on Feb. 24, 2022, and since then only one thing has been certain: the rest of Europe is desperate to build military muscle as soon as possible to help counter any further predatory moves by Moscow.
- Europe must race to ensure it can better defend itself as new military threats could emerge by the end of the decade even as the focus of security ally the U.S. shifts towards the Indo-Pacific, Germany’s defense minister has already warned.
- Czech Defense Minister Jana Černochová… announced Thursday her country is advancing negotiations with Germany to carry out a joint acquisition of up to 77 new Leopard 2A8 main battlefield tanks.
- The NATO member is also nearing the completion of talks to buy C-390 Millennium transport aircraft and F-35 Lightning II fighter jets.
- Spain has ordered 16 Airbus C295 aircraft in maritime patrol and surveillance configurations for €1.7 billion (U.S. $1.9 billion), Airbus announced Wednesday.
- Figures released in April showed $2.24 trillion was outlaid globally in 2022 with Europe leading the way due to Ukraine’s demands for continued supplies of battlefield hardware.
- Some of the sharpest increases were seen in Finland (+36 percent), Lithuania (+27 percent), Sweden (+12 percent) and Poland (+11 percent).
- “The continuous rise in global military expenditure in recent years is a sign that we are living in an increasingly insecure world,”
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