DefenseHighConfirmedAccelerating
9.5
US Iran war costs $38bn, munitions shortfall revealed in federal reports
Financial Times·US · IR·1 day ago
The EU faces a multi-year missile shortage following the conflict with Iran, with replenishment of Patriot, THAAD, and Tomahawk munitions potentially extending to 2029. This highlights a critical industrial capacity gap in European defense production, raising concerns about deterrence readiness. The timeline is an estimate and depends on scaling up manufacturing capabilities.
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