UBS: EU defense spending insufficiently invested in technology

On November 12th, Jin10 Data reported that UBS analysts said that the EU’s defense spending is too focused on following personnel, and insufficient investment is made in research and development and cutting-edge technology. However, they are still optimistic about the long-term prospects of European defense stocks. This is because governments across Europe are preparing to continue increasing defense spending over the next decade to protect themselves from the threat of Russia and prepare for the US to transfer military resources from Europe to Asia. In a report, analysts wrote that as pressure to purchase European weapons increases, European defense companies may also gain market share in exports, especially from Russia and the United States.