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 HowRu68@lemmy.world to c/europe@feddit.de
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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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[–] luckystarr@feddit.de 3 points 8 months ago

A few orders aren't enough for companies to invest in more capacity. They need assurances that their products will be bought for at least 10 years or so to even recoup the initial investment. Weapons factories are expensive and thus risky to build, but government guarantees can eliminate that risk.