Ukraine crisis prompts interest in military buys

MarketWatch ^ | April 25, 2014, 5:00 a.m. EDT | MarketWatch

[Zhang Fei]

The Ukrainian crisis that has already prompted Sweden to consider raising military spending is boosting interest in military hardware in other European states, Saab AB Chief Executive Hakan Buskhe said.

"The number of questions about enhancing defense capabilities from a handful of nations in continental Europe and also in the Nordic area have increased," Mr. Bushke said in an interview. "The discussion about possibilities is more active today than just a couple of months ago."

David Wajgras, chief financial officer of Raytheon Co., the world's largest missile maker, also said this week that several countries were considering higher levels of military spending, including Latvia and Lithuania.

[Zhang Fei]

Since the end of the Cold War, the defense policy of most of America's treaty allies has been to fight their adversaries to the last dead GI. Obama's hands-off approach to a number of security issues, including the pending Russian invasion of Ukraine, appears to have had salutary effects with respect to defense spending among these allies.

[Zhang Fei]

http://www.marketwatch.com/story/ukraine-crisis-prompts-interest-in-military-buys-2014-04-25?dist=beforebell

[2banana]

After 50 years of having America defend Europe...

The Europeans are not going to do anything.

Their economies are stagnant and every dollar they take in goes to pay off the free sh*t army.