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according to reference news reports, the total equipment investment by the eight major u.s. and european arms dealers is expected to exceed us$10.5 billion in 2024, which will hit a record high. due to the russia-ukraine conflict and tensions in the middle east, these military industry giants are stepping up production. speculative capital that was alienated from military stocks in the past is now beginning to pour into this area. it is worth noting that these eight major arms dealers are all among the top ten in the global military product sales rankings of the stockholm international peace research institute in sweden. only the american boeing and the european airbus are excluded due to their high proportion of civilian products. based on expectations that business scale will continue to expand, speculative capital is pouring in rapidly. as of now, the total market value of these eight companies has reached us$590 billion, an increase of nearly 90% compared to the beginning of 2019.

the us "defense news" recently reported that the "landmark" eu competitiveness report submitted by mario draghi, the former italian prime minister and the former president of the european central bank, warned that eu countries have experienced significant declines in the past two years or so. excessive weapons and equipment were purchased from overseas, mainly from the united states. the report pointed out that with the outbreak of the russia-ukraine conflict, many eu countries quickly rearmed. according to report data, from june 2022 to june 2023, the eu signed defense procurement contracts worth 75 billion euros, of which 78% of purchase orders were given to suppliers from non-eu countries, while the united states accounted for 63%. share.