Europe can’t count on the US to be its bodyguard. That’s great for defense companies | CNN Business

London CNN  — 

A stark new reality in Europe — that its long-time ally and security guarantor, the United States, may not come to its rescue in a future war — has set the stage for a faster ramp-up in military spending on the continent.

And in anticipation of higher revenues for European defense companies, investors have poured into their stocks, pushing a key index to an all-time high this week.

The US held talks with Russia this week to explore ending the war in Ukraine, three years after Moscow launched the full-scale invasion of

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