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Missile Startup CEO on Europe's Defense Plans, Ukraine, Procurement

A former top-ranked civil servant in Estonia's Ministry of Defense is now working on a missile startup. Kusti Salm is the CEO of Frankenburg Technologies, a company that aims to an air-defense platform for a fraction of the cost of existing systems. He speaks with Bloomberg's Tom Mackenzie about the European defense landscape, procurement, as well as the risks Russia's invasion of Ukraine poses to the entire continent. 00:00 - Kusti Salm on funding for technology, defense in Europe 01:08 - Frankenburg Technologies CEO on delivering missiles at scale for Estonia, Europe 02:28 - Salm on Europe's procurement 03:13 - Frankenburg Technologies CEO on Ukraine, Russia, "grim" time for European security 04:45 - Kusti Salm on European defense situation, time for "wake up call" 05:22 - Salm on EU defense spending, strategic aim -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts