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EU aims shift to European arms industry to ‘war economy mode’ (www.reuters.com)

submitted 3 months ago by HowRu68 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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[–] DarthFrodo 20 points 3 months ago* (last edited 3 months ago) (5 children)

Weird that this takes so long, with an ongoing war right here in Europe...

[–] [email protected] 11 points 3 months ago (4 children)

I'm more surprised that it needs to be initiated by a political action. I woukd expect the companies would adapt themselves omce they got such large weapons orders (I have not read the article, admitedly)

[–] [email protected] 4 points 3 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.

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