Europe set to receive new artillery and air defence capabilities
European nations are expected to spend in excess of $46 billion acquiring new artillery and air defence capabilities over the next decade, according to a new analysis of the market by Defence Insight.
The Artillery and Air Defence Market Report and Forecast 2019-2029 shows, however, that much of this spending is already committed as countries in the region have responded to the Russian annexation of the Crimean Peninsula in 2014 with a sharp increase in defence spending.
‘Figures from NATO show that military procurement expenditure across all the European members increased by 46% between 2015 and 2019,’ Matt Smith,
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