The Russian invasion of Ukraine has awakened other countries in Europe, which now realize they must recalibrate their security strategies and increase defense spending.
Even Germany, despite the pacifist strategy it has followed since the end of World War II, said it would sharply increase its spending on defense to more than 2% of its GDP. As German Chancellor Olaf Scholz told the German Parliament: “We will have to invest more in the security of our country to protect out freedom and democracy.”
That should translate to a windfall for the largest U.S. aerospace and defense companies.
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