European governments are looking to increase defense budgets after years of declining spending.
According to the International Institute for Strategic studies (IISS), EU member state spending on the military in 2015 totaled 203 billion euros, almost 15 percent smaller than in 2007.
Now in 2016, Western European defense spending is set to rise by over 1 percent in 2016, ending six consecutive years of cuts.
Fenella Mcgerty, principal analyst at IHS Jane's said in a note Wednesday that there is a marked shift in attitude towards security spending in Europe.
"Larger European states have already begun implementing defense spending increases in light of the continually developing threats to domestic security," the analyst said.