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The Economist
20 Mar 2025

Europe | Raising the boom
Europe’s arms makers have ramped up capacity
Now they need governments to place bigger orders
For years European officials have talked a big game on defence. The European Union has made numerous proposals to boost the continent’s puny production of arms. Three years after Russia’s full-scale invasion of Ukraine, what do Europe’s arms makers have to show for themselves? The Economist has compiled data for Europe’s ten biggest defence firms, and looked across four lines of military output. There is more momentum than critics imagine, though gaps remain.
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