Europe sharply increased defense spending in 2025. But money alone does not produce weapons, stockpiles, or readiness.
In this episode, we examine why Europe’s defense build-up is running into industrial limits as it enters 2026. From procurement bottlenecks and factory capacity to Germany’s surge in orders and the slow pace of production, the challenge is no longer political will - it is execution.
This is a conversation about defense as an industrial system, and why turning budgets into battlefield capability is proving harder than expected.
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