Quelles perspectives pour l'industrie européenne des armements terrestres ?
Over the last decade, the European land armament industry developed into a thriving market driven by growing demand from the BRICS, a new wave of emerging countries and the wars in Iraq and Afghanistan.
However, the 2008 financial crisis and the ensuing sovereign debt crisis has put European countries under severe strain, prompting them to take fiscal consolidation measures affecting defense budgets. In this context, European land armament corporations have looked for buoyant economies beyond Europe to maintain their market shares and outlets. As the fragmentation of the industry is proving to be the key challenge faced by these firms, this article explores several scenarios that could allow them to address it.
This content is available in French: Quelles perspectives pour l'industrie européenne des armements terrestres ?
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