US defense contractors reportedly stand to gain the most from $230 billion in new defense-spending commitments by EU nations
Yahoo News has identified a major beneficiary of the Russia-Ukraine slugfest: the US military industrial complex, which is reaping a windfall even as the bloody conflict causes economic havoc, energy shortages and a looming food crisis around the world.
As the media outlet reported on Saturday, EU nations have committed to about $230 billion in new weapons purchases since the Russian military offensive against Kiev started in February. US defense contractors are poised to land the lion’s share of those orders, given their dominance as suppliers to European militaries, Yahoo added.
Many European nations turn to US arms makers for more than half of all their weapons purchases. Yahoo cited data from the Stockholm International Peace Research Institute (SIPRI) to show examples of US dominance in European arsenals. For instance,…
