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-0.00100908173562056 -0.00100908173562056 -0.00100908173562056 0.0252270433905146 0.0121089808274471 -0.00457114026236117 0.0242179616548941 0.0287588294651867
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Sovereign Defense Boom: The €381 Billion Shift to Local Military Tech [Globe and Mail, The (Toronto, Canada)]

VisionWave Holdings, Inc. (VWAV) 
confirmed a credible pathway to achieving 5% GDP defense spending by 2035 at the December 3 NATO Foreign Ministers meeting, reinforcing the strategic imperative for Allied nations to localize military production and reduce reliance on non-European suppliers [1] . The European Union's €150 billion SAFE instrument, adopted in May 2025, specifically mandates that at least 65% of defense procurement components must originate from EU, EEA-EFTA, or Ukrainian suppliers, accelerating the shift from imported systems to sovereign industrial capacity [2] . This mandate for localized industrial capacity drives the growth trajectory for VisionWave Holdings, Inc. (NASDAQ: VWAV), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Elbit Systems Ltd. (NASDAQ: ESLT), Kraken Robotics Inc. (TSXV: PNG ) (OTCQB: KRKNF), and BAE Systems plc (OTCPK: BAESY). Read more at newswire.ca This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive co Show less Read more
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