European Commission President Ursula von der Leyen on Tuesday presented a plan to boost Europe's defense industry and increase military capabilities.

Axar.az informs that "We are in an era of rearmament, and Europe is ready to massively boost its defense spending," Von der Leyen said.

She said the plan, dubbed "ReArm Europe," could mobilize around €800 billion ($841.5 billion).

"We will continue working closely with our partners in NATO. This is a moment for Europe and we are ready to step up." Von der Leyen told reporters in Brussels.

We are living in dangerous times.

Europe‘s security is threatened in a very real way.

Today I present ReArm Europe.

A plan for a safer and more resilient Europe ↓ https://t.co/CYTytB5ZMk

— Ursula von der Leyen (@vonderleyen) March 4, 2025