Poland and France are deepening defense ties, announcing a joint satellite system to rival Starlink and discussing nuclear deterrence cooperation involving French Rafale jets. Polish Finance Minister Andrzej Domański has pushed back against a proposal to liquidate Poland's gold reserves to fund arms purchases, signaling internal tension over how to pay for the buildup.
Europe's accelerating push for defense self-sufficiency is a sustained spending catalyst for European defense contractors and aerospace firms. The Poland-France satellite partnership is a direct threat to SpaceX's Starlink in the military communications market. Meanwhile, Poland's gold reserve debate matters for precious metals investors — a decision to sell would add supply pressure to gold prices.
Ongoing: NATO defense spending summit discussions throughout 2025. Watch for Poland's official defense budget announcement and any Sejm vote on the gold reserve proposal. Monitor French government statements on nuclear-sharing framework expansion.
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