French President Emmanuel Macron (left) and German Chancellor Friedrich Merz.
Credit: Imago/Alamy Stock Photo/Aviation Week Network
In June NATO allies agreed to a new 3.5% target for their core defense budgets. On paper this will add another $220 billion or so to the existing $538.3 billion total allocated by Europe’s 19 highest spenders and see regional defense budgets more than double compared to 2021 levels. The hope of...
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Budget Brief: Europe’s Big Guns Outline Defense Budget Plans is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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