Summary

Donald Trump’s return to the White House and his push for higher defense spending are set to benefit Europe’s arms industry, alongside U.S. defense manufacturers.

With NATO members increasing military budgets due to pressure from Washington and Russia’s invasion of Ukraine, Europe is projected to spend €500 billion on defense over the next decade.

While U.S. companies like Lockheed Martin dominate exports to Europe, EU nations are balancing this by investing in European arms-makers like Saab and Airbus.

European leaders advocate for stronger regional procurement to boost domestic industries.