The war in Ukraine that began in February 2022 shifted the European defense ecosystem and sector by increasing spending and contract awards. Military modernization is now a spending priority for most European countries to defend against current threats. Joint frameworks, such as the North Atlantic Treaty Organization (NATO) and the European Union (EU), encourage European countries to invest in collective defense initiatives.
• How crucial is the European Defense Fund (EDF) for acquiring new military technology in such a scenario?
• What is the overview of defense spending and budgets of European countries? What are the growth drivers, restraints, and opportunities?
• What are the persistent challenges that affect defense manufacturers? How can these challenges be overcome?
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