European Defense Equipment Prices Surge Up to 50-60% as NATO Increases Military Spending, May 17

GateNews

According to Estonia’s Defense Minister Hann Pevkur, European defense equipment prices have surged up to 50-60% over the past two years as NATO allies significantly increased military spending. Pevkur noted that governments face supply shortages, while Europe’s defense industry hesitates to expand production capacity without formal government procurement contracts.

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