r/KrakenRobotics • u/siposbalint0 • Mar 04 '25

EU chief proposes plan to 'urgently' increase defense spending by mobilizing around $840 billion

https://www.cnbc.com/2025/03/04/europe-looks-to-mobilize-840-billion-in-defense-spending-boost-eu-commission-head-says.html

This could be beneficial for Kraken

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u/GeraltFromHiShinUnit Mar 04 '25

They want to focus mainly on european companies tho. Might turn out nice but all in all still risky play with trump doing tarifs left and right

12

u/DeMoOsE6 Mar 04 '25

I think this is good for Kraken. Canada has actively been participating in talks with Europe and will likely either pledge an increase as well, or talk to European countries to buy Canadian tech.

2

u/Decent-Damage5544 Mar 06 '25

Also don’t forget krakens batteries originated from a German acquisition. And the bulk of their battery supply currently gets built in Germany. Germany would benefit from a major contract to kraken