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Arms firms across Europe worth billions more amid talk of Ukraine defence pact

  • Sweden's defence budget for 2025 is 142 billion kronor, nearly double the 2022 budget, and is expected to rise to 186 billion kronor by 2030, highlighting significant increases since 2022.
  • Sweden's Defence Minister Pål Jonson emphasized the need for the defence industry to increase its production tempo in light of growing military needs.
  • European markets rose due to increased expectations of defence spending, with defence stocks surging driven by expectations of higher spending from countries like Germany and positive market momentum.
  • Prime Minister Ulf Kristersson stated that increased production in defence sectors is crucial for building a stronger defence rapidly.
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L'AGEFI broke the news in on Monday, March 3, 2025.
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