European arms

During WW 2 the US manufactures were called upon to produce weapons for war and the response was nothing less than miraculous with the production of 300,000 air craft, 124,000 ships, 86,000 tanks and millions of other smaller trucks and vehicles. It appears the US is once again called upon to send arms to Europe. The EU has agreed to increase their defense spending to 5% of GDP and use much of that money to buy military supplies from the US. The projected purchases are $250 billion per year. This represents one forth of the US defense budget.