In 2024, global arms revenues reached a record $679 billion, driven by geopolitical tensions, with European and US companies leading the growth. Notable increases include a 193% rise for the Czech company Czechoslovak Group due to the Czech Ammunition Initiative for Ukraine. Despite growth, the European defense industry faces challenges due to reliance on critical raw materials, prompting the EU to develop plans to reduce dependencies. Teljes cikk (Euronews.com)