Germany’s decision to lift the cap on its military budget offered a beguiling future for Europe’s defence industry as the region’s biggest economy readied itself to write large cheques on everything from jets to tanks.
But less than a month since the invasion of Ukraine prompted Berlin’s historic move to establish a €100bn fund to modernise its armed forces, the initial euphoria risks giving way to the divisions that have long bedevilled European collaboration on defence.
The trigger for the reversal in sentiment was Germany opting earlier this month to replace its ageing Tornado fleet with a batch of F-35 fighter jets made by US defence group Lockheed Martin.