The European Union is failing to invest enough in military projects and relying too much on the US and other countries, according to a landmark report released Monday. Almost two-thirds of the EU's defense orders between mid-2022 and mid-2023 were placed with US companies, with another 15 percent going to other military suppliers outside the EU.
European Union countries are buying too much of their defense equipment abroad, almost two thirds of it in the United States, and failing to invest enough in joint military projects, a landmark report on EU competitiveness warned on Monday.
