EU's von der Leyen proposes €800 billion defense plan
The European Commission president says increasing defense spending is necessary in "an era of rearmament." A European summit on defense and Ukraine is planned this week amid tense transatlantic relations.
Hopefully to spend it all in Europe!
And most of the profits taxed.
Not sure, if we can completely replace US weapons, including jets and so on, already.
I guess, that much will be spend at European companies, but I'm pretty sure a bulk will go the the USA military industry
and maybe also other countries - I'm not really up-to-date with current military capabilities and production facilities in Europe or worldwide
Maybe someone more knowledgeable could chime in
To my understanding, EU countries aren't in a shortage of aircraft - their air power is enough to match Russia. However, they are in a shortage of bombs to drop and missiles to fire.
They're also in a shortage of artillery and rocket artillery and air defense.
As for the industry that can be scaled up fastest (drones), everyone is in a shortage of them. Fortunately there is one country in Europe that's been doing absolutely everything to scale up their production. So much that it currently out-produces the US, and maybe out-produces both the US and the EU. I'm fairly certain that this country is willing to help on the matter (it's called Ukraine).
Jets? The Eurofighter is made by European companies only.
Especially France has some leading Jet / Air combat companies.
Italys Leonardo is leading for combat Helicopters
For ground forces Germans Rheinmetall produces some good tanks.
The UK is also not too weak but it’s ties to the US are a bit too strong… (BAE Systems gets tons of money from the US and I personally wouldn’t be too sure if they would choose the UK over the US if they had to)