- NATO Secretary General Mark Rutte announced the purchase of up to ten surveillance aircraft from Sweden's Saab, a deal estimated to be worth approximately $5 billion.
- Four European NATO member countries will acquire up to five high-altitude drones from U.S.-based Northrop Grumman.
- Major defense contractors are currently managing massive order backlogs, with Lockheed Martin reporting $194 billion and Rheinmetall reaching €73 billion.
Quotes
“As an investor, I would be looking into, to what extent they’re actually, capable of fulfilling all of these orders on time and the commercial risk that comes with delays”
“It’s a question of, you make lots of promises about how we’re going to increase our spending, but what’s the actual capability to do so?”