On Tuesday 2 September, the European Defence Agency (EDA) announced that defence spending by the 27 EU Member States in 2024 had reached the “unprecedented figure” of €343 billion, an increase of 19% compared to 2023, taking spending to 1.9% of GDP.
For the first time, defence investment has reached €106 billion, representing 31% of total expenditure, and research and development (R&D) expenditure €13 billion (up 20% between 2023 and 2024, compared with an increase of 6%...