Vehicle and tech manufacturers are capitalising on rising defence spending across NATO and EU countries, with standout growth reported in the first half of 2025. Italy’s Fincantieri posted a 24% jump in revenue, Thales was up 6.8%, and General Dynamics reported 8.9% growth in Q2 revenue. Meanwhile, MilDef’s order intake soared 58% year-on-year.

Companies are crediting the uptick to heightened defence budgets, one-off funding packages, and geopolitical instability across Europe, Africa and the Middle East—conditions that are fuelling expectations of sustained demand through the remainder of the year.

Explore the full article to see how defence market dynamics are shifting globally.