Research platform. General Assets Research Group publishes research and offers no investment product, service or advice. Investments carry risk: their value can fall as well as rise, and you may lose the money you invest.
Research by topic

Defence and security

Defence budgets, EU and NATO decisions, procurement and Europe's industrial capacity.

Reports

  • Defence and security
  • 14 min read

Europe's rearmament: from announcements to orders

European defence spending rose by a fifth in 2025 and NATO expects it to rise again in 2026. EU loans are arriving more slowly than planned, cooperation targets are far from met and industry points to shortages of explosives, materials and skilled staff. What has been decided, paid and built, by source.

Read the report