Spain approves €12B defense package; Navantia gets €4.6B, Airbus €1B

The Spanish government approved nearly €12 billion in new defense contracts to upgrade ships, missiles, anti-drone systems, and helicopters. Navantia receives €4.6 billion and Airbus €1 billion, signaling a major boost to Spain's defense industrial base amid rising European defense spending. The move aligns with NATO's 2% GDP target and reflects a broader European trend of increased military investment.

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