The European Union has launched a €150 billion initiative to bolster its defense capabilities, known as the “Rearm Europe” plan. A key feature of this program is its strict procurement rules, which limit contracts to European-made defense systems, effectively excluding companies from the US, UK, Turkey, and Israel unless their home countries sign defense pacts with Brussels. This move signals a shift toward self-reliance in Europe’s defense industry, potentially reshaping global arms trade dynamics and boosting European defense firms over the long term. EU’s 2030 defense plan pushes for more joint spending at home