The European Commission is considering creating a new mechanism to simplify the process of selling arms. The move seeks to overtake the Pentagon in this regard, according to a consultation paper seen by Politico.
In line with the paper, Internal Market Commissioner Thierry Breton is expected to unveil a European Defense Industrial Strategy early next year in order to help support the so-called European Defense Technological and Industrial Base (EDTIB).
The US media outlet recalled that while EU governments significantly increased military spending amid the Ukraine conflict, the hefty arms deals have often gone to US defense contractors at the expense of European companies.
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