Strategic Exposure: German Defense Players in the 2025–2029 Spending Cycle

Executive Summary

Germany’s defense budget expansion between 2025 and 2029 represents one of the most ambitious rearmament efforts in postwar Europe. With projected annual expenditures rising from €95 billion in 2025 to €160 billion by 2029, Berlin is rapidly scaling defense investment to meet NATO’s 3.5% of GDP target six years ahead of schedule. This b…