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.
• In this sense, the European Defense Fund (EDF) is the most important tool for new military technology acquisition.
• Frost & Sullivan overviews European countries’ defense spending and budgets in this analysis, highlighting growth drivers, restraints, and opportunities.
• The analysis includes all European countries but focuses on the 6 major spenders: France, the United Kingdom, Germany, Poland, Italy, and Spain.
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