Otokar reinforces long-term strategy in Romanian ATBTU program through Automecanica acquisition

Government

As Europe moves from peacetime complacency to a new era of defence readiness, budgets across the continent have surged. According to recent data from the Stockholm International Peace Research Institute, global military spending reached $2.7 trillion in 2024, a 9% increase year on year. Europe outpaced all other regions, expanding defence outlays by 17%, driven by the war in Ukraine and the urgent need to rebuild its industrial base. Brussels has responded by launching the SAFE (Security Action

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