Europe’s defence firms need orders to fill capacity gap, Thales says By Reuters

European Defence Spending: European leaders are urged to increase defence spending to address military readiness gaps due to transatlantic tensions, leading to a rise in European defence stocks following a summit agreement.

Production Capacity Concerns: Thales CEO expressed caution regarding the ability of European defence companies to quickly ramp up production, emphasizing that actual contracts from governments are necessary to support increased manufacturing capabilities.