Budget Brief: Europe Plans For Further Defense Spending Growth

eurofighter typhoon flying

A Eurofighter Typhoon in flight.

Credit: Airbus
Over the last three years, European defense spending has grown faster than at any time since World War II. This year Europe will collectively spend more than $500 billion on defense compared to less than $400 billion in 2021, a real-terms increase of around 30%. Investment in new defense equipment...
Craig Caffrey

Craig works as a senior analyst on Aviation Week Network’s military and commercial forecast databases, specializing in military aircraft markets and…

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