this post was submitted on 04 Mar 2024
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EU aims shift to European arms industry to ‘war economy mode’ (www.reuters.com)
submitted 8 months ago by [email protected] to c/[email protected]
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Thierry Breton, the European industry commissioner, will lay out proposals to encourage EU countries to buy more weapons together from European companies, and to help such firms increase production capacity, according to EU officials.

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[–] [email protected] 4 points 8 months ago

I was listening to a podcast the other day (could have been "Rachman review", which is typically very good) and the interviewee said that yes, there might be interest in this, but companies want to see long-term orders before committing. There's currently no capacity, so they have to build it on their side, but they don't want to do it if they think the orders are going to dry in a few months / years.