Europe's Defense Spending Surge Is Fueling a 50% Price Spike on Military Gear — and the Problem Is Getting Worse

Source: International Business Times

Poland's Deputy Prime Minister and Defence Minister Wladyslaw Kosiniak-Kamysz (R) speaks with Estonia's Defence Minister Hanno Pevkur during their meeting at the "Defence24 Days", a conference on defence and security attended by various leaders and experts from the region, in Warsaw, Poland, on May 6, 2026. Wojtek RADWANSKI/AFP via Getty Images Europe is spending more on its military than at any point since the 1950s. Defense budgets are climbing across the continent.