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Story summary
- EU member states will boost defense spending by 63% to €381 billion by 2025.
- Jacob Parakalis of RAND Europe says Russia's invasion of Ukraine has intensified Europe's focus on strengthening military capabilities.
- The investment aims to revitalize the industrial base and address rapid depletion of weapon stocks.
- European companies face fragmentation, producing different and sometimes competing components that hinder a unified defense system and competitiveness against American offerings.
