Europe Is Racing to Build Its Own Version of the U.S. Military-Industrial Complex - WSJ

1. Germany seeks EU exemption for defense spending in rearmament plans. 2. NATO could increase military spending by €700 billion to €2 trillion by 2030. 3. Most of the defense spending will benefit U.S. contractors like Lockheed Martin. 4. The EU plans to boost local production, targeting 50% of military procurement domestically. 5. Investment in European defense technologies is on the rise amid geopolitical tensions.