The defense sector refers to the segment of the economy and industry that is focused on the development, production, and support of military equipment, technology, and services. It encompasses a wide range of activities including research and development, manufacturing of weapons systems, vehicles, and electronics used by armed forces, as well as the provision of logistics, maintenance, and training services. The defense sector is closely linked to government spending and policies, as it often relies on defense contracts issued by national governments. This sector plays a crucial role in national security and military preparedness, contributing to the strategic interests of a country through the development of defense capabilities and the support of military operations. Additionally, the defense sector may also engage in international arms trading and defense collaborations between countries.
The euro has surged past $1.05 against the dollar, driven by the European Union's commitment to strengthening its defense industry. The EU plans to invest nearly €800 billion in enhancing…