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Europe Faces 50% Rise in Prices for Military Gear, Estonia Says

Bloomberg
Bloomberg

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Europe Faces 50% Rise in Prices for Military Gear, Estonia Says

European nations are seeing higher prices for defense supplies that have climbed in some cases by more than 50% in the last two years as NATO allies ramp up military spending, Estonian Defense Minister Hanno Pevkur said.

Politics Facebook X LinkedIn Email Link Gift Expand A soldier in front of a Viking, an Iveco Defence Vehicles unmanned ground vehicle (AGV), during NATO-linked military exercises in Latvia in 2025.

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Send a tip to our reporters Site feedback: Take our Survey New Window Facebook X LinkedIn Email Link Gift By Ott Tammik and Aaron Eglitis May 16, 2026 at 3:39 PM UTC Bookmark Save European nations are seeing higher prices for defense supplies that have climbed in some cases by more than 50% in the last two years as NATO allies ramp up military spending, Estonian Defense Minister Hanno Pevkur said.

“Prices are going up,” Pevkur told an audience at the Lennart Meri security conference in Tallinn on Saturday. “I have discussions with my national armament director constantly.”

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