Arms Race Redux

Europe’s scramble to boost its military prowess is no longer an abstract pledge. Confronted by Russia’s saber-rattling and cajoled by the White House, EU capitals are preparing a multi-billion-euro arms spree that may finally nudge NATO’s frequently ignored spending targets into reality. Meanwhile, America’s own defense landscape is being rattled by an unlikely force: tech billionaires determined to upend a procurement system long dominated by legacy contractors. Let’s have a look.