Europe’s 2025 defense winners include Saab, Rheinmetall; FCAS falters
Uniunea Europeana
PARIS — With Europe spending record amounts on defense in 2025 on everything from ammunition to battle tanks, air defenses and naval ships, local industry winners included Germany’s Rheinmetall, Sweden’s Saab and the United Kingdom’s BAE Systems. France’s Naval Group had a less successful year, missing out on several contracts in 2025, while a joint effort by France, Germany and Spain to develop a next-generation fighter stalled amid infighting between main contractors Dassault Aviation and
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