Armor industry is booming: Europe's billions create jobs!

Armor industry is booming: Europe's billions create jobs!

Laimgrubengasse 10, 1060 Wien, Österreich - The European armaments industry is booming like never before, and that has far -reaching consequences for the continent. In an unprecedented step, the EU heads of state and government have decided to massively strengthen the armaments efforts. This recovery is not only seen as an answer to the changing security policy challenges, but also as a strategic need to make Europe independent of the United States. In this context, on Friday, March 14, 2025, at 8:15 p.m. on ORF III, the program "Zum Suben" will discuss how Austria should act as part of the new security architecture. Prominent guests such as Helmut Brandstätter from the Neos and the military expert Gerald Karner, who will express well -known concerns about the neutrality of the country, have already reported APA-OTS

The increase in defense expenditure leads to a sudden increase in the stock exchanges for European armaments companies. The share price of the German Panzerbauer Rheinmetall, for example, has been reluctant to attack Ukraine since the Russian attack. Companies such as Thyssenkrupp and Hensoldt, which specialize in armor electronics, also gain value. This expansion is further fueled by political statements by the future Chancellor Friedrich Merz, who demands a significant increase in defense spending to counter the "threats of our freedom", as reported by orf

In addition, experts hope that the increase in military spending by the EU countries can not only improve the security Situation, but also stabilize the overall economic situation. According to the Kiel Institute for the global economy, an increase in military expenditure to 3.5 percent of GDP could bring a growth increase of up to 1.5 percent. These investments also attract specialists from other branches of industry, such as the automotive industry, to expand the armaments manufacturers. Oliver Dörre, head of Hensoldt, confirmed that the defense industry could also act as an economic engine for Germany, and was optimistic about future investments in this sector.