logo
Europe's Dilemma: Build a Military Industry or Keep Relying on the U.S.

Europe's Dilemma: Build a Military Industry or Keep Relying on the U.S.

European countries have committed to spending nearly double on military investments over the next decade, with high hopes that it will benefit their defense industries.
But it is not clear that all that money — perhaps as much as 14 trillion euros, or $16 trillion — will fuel a flurry of high-end innovation in Europe. That is because of what one might call the F-35 problem.
Europe lacks quality alternatives to some of the most needed and desired defense equipment that American companies produce. Among them is the F-35, Lockheed Martin's famed stealth fighter jet, whose advanced abilities are unmatched by European counterparts.
Patriot missile-defense systems are also imported from America, as are rocket launchers, sophisticated drones, long-range artillery guided by satellite, integrated command and control systems, electronic and cyber warfare capabilities — along with most of the software required to run them.
And because many European nations have already invested in American weapons, they want new purchases to remain compatible.
The pledged investments have created a tension. Should European nations build their own military industry? Does the war in Ukraine and the threat of a militarized Russia allow that much lead-time? Or should they continue to invest, at least in part, in America's already available, cutting-edge technology?
Want all of The Times? Subscribe.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

General Atlantic considers Joe & The Juice US IPO in 2026
General Atlantic considers Joe & The Juice US IPO in 2026

Yahoo

time5 minutes ago

  • Yahoo

General Atlantic considers Joe & The Juice US IPO in 2026

Private equity firm General Atlantic is considering a US initial public offering (IPO) of Joe & The Juice, potentially as early as 2026, Bloomberg has reported. Joe & The Juice, a juice and coffee chain founded in 2002, operated 363 locations worldwide at the end of 2023. Its offerings include freshly prepared juices, shakes, sandwiches and coffee made with natural and organic ingredients sourced directly from growers. Sources, who requested anonymity as the information is not public, stated that General Atlantic has been in discussions with prospective advisers regarding the listing. A first-time share sale is expected to value Joe & The Juice at €2bn ($2.4bn). The private equity firm may select banks for this offering later in 2025, although deliberations are ongoing and details of the IPO could still change. General Atlantic first invested in Joe & The Juice in 2016 and acquired a majority stake in 2023 from Valedo Partners. In December, the brand strengthened its partnership with Deliveroo by entering an exclusive partnership for the UK market. The collaboration enabled Deliveroo customers to order the full menu for on-demand delivery in Birmingham, Brighton, Greater London, Kent, Liverpool and Oxford. Joe & the Juice and Deliveroo first entered a partnership in 2019, covering only five UK sites. They have since expanded their collaboration to 65 locations. The partnership supports Joe & the Juice's expansion plans, which include hundreds of new sites across the UK regions and London. "General Atlantic considers Joe & The Juice US IPO in 2026" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Private-Credit Placement Agent Briarcliffe Buys European Firm
Private-Credit Placement Agent Briarcliffe Buys European Firm

Bloomberg

time14 minutes ago

  • Bloomberg

Private-Credit Placement Agent Briarcliffe Buys European Firm

Briarcliffe Credit Partners, a private credit placement agent headquartered in New York, has acquired London-based Branch Advisory to help court institutional clients in Europe. Rollo Wigan, who leads Branch Advisory, will become head of EMEA at Briarcliffe and will join its leadership team, according to a statement. Wigan previously served as co-head of client advisory for BlueMountain Capital and worked at Halcyon Asset Management and MKP Capital.

Zelenskiy spoke with Trump about replacing envoy to US, Bloomberg News reports
Zelenskiy spoke with Trump about replacing envoy to US, Bloomberg News reports

Yahoo

time14 minutes ago

  • Yahoo

Zelenskiy spoke with Trump about replacing envoy to US, Bloomberg News reports

(Reuters) -Ukrainian President Volodymyr Zelenskiy discussed replacing the current ambassador to the U.S., Oksana Markarova, during his phone call with President Donald Trump on Friday, Bloomberg News reported on Monday, citing a person familiar with the matter. The country's Prime Minister Denys Shmyhal is on a list of potential candidates to become Kyiv's envoy to Washington, alongside Ukrainian Deputy Prime Minister Olha Stefanishyna, Defense Minister Rustem Umerov and Energy Minister German Galushchenko, the report said, citing an unnamed source. Zelenskiy had said on Saturday that his conversation with Trump last week was the best and "most productive" he has had to date, adding that the two leaders had discussed "several other important matters." The White House did not immediately respond to a request for comment outside regular business hours. Reuters could not immediately verify the Bloomberg report.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store