Which Defense Companies Benefit From Higher NATO Spending?

NATO, a 29-nation alliance founded in 1949, practices collective defense, meaning an attack on one member is an attack on all. Members must contribute financially, with a guideline to spend at least 2% of GDP on defense. In 2018, only seven members met this goal, leading to criticism from President Trump. NATO pledged to increase spending by $100 billion by 2020. This spending is expected to benefit European defense companies more than US ones. As NATO marks its 70th year, it faces economic gains but also internal and geopolitical challenges.

What is the primary purpose of NATO as established in 1949?

What percentage of GDP did NATO members commit to spend on defense in 2006?

How much did NATO's budget amount to in 2018?

What was President Trump's criticism regarding NATO members?

Which companies are predicted to benefit from increased defense spending in Europe?