Skip to content
The Nexus
SECURITYAug 5 · 08:00 UTCPOLITICO EUROPEJonathan Dimson, senior partner, McKinsey's London office and Mikael Robertson, senior partner, McKinsey’s Stockholm office

Europe has the defense budget. The test now is delivery.

European NATO members have doubled defense spending since 2019, with projected annual spending exceeding €800 billion by 2030. However, defense industry production delays (averaging 5-9 years) and fragmented procurement practices hinder rapid equipment delivery. Solutions include multi-speed procurement, military collaboration, industrial consolidation, and lessons from Ukraine's rapid defense adaptations.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned
Spot something wrong with this article?Report a problem →
Forward this
Europe has the defense budget. The test now is delivery. · The Nexus