
Global Defense Spending Shifts: Europe and Asia Surge Ahead of U.S.
Asian and European defense companies are outperforming American firms as their allies lose faith in Washington’s promises. Amid rising geopolitical tensions and defense budgets skyrocketing everywhere in Europe and Asia, weapon manufacturers in South Korea, Germany, and Singapore are experiencing torrential orders, analysts say, launching a decade-long defense boom. In an era when alliances are…