The European Union has unveiled a massive new defense spending plan, set to splash billions of euros on strengthening the bloc’s defense capabilities. In a move that excludes major US arms-makers, Commission President Ursula von der Leyen emphasized the importance of investing in European technology and industry. The Readiness 2030 program aims to enhance the EU’s defense technological and industrial base, marking a significant shift towards self-sufficiency in defense production.
Source: https://www.politico.eu/article/eu-freeze-us-multi-billion-defense-plan-arm-makers