• Media type: E-Article
  • Title: Six Decades of Consolidation in the European Defence Industry (1960-2022)
  • Contributor: Kleczka, Mitja; Buts, Caroline; Jegers, Marc
  • imprint: Economists for Peace and Security, 2023
  • Published in: The Economics of Peace and Security Journal
  • Language: Not determined
  • DOI: 10.15355/epsj.18.2.5
  • ISSN: 1749-852X
  • Keywords: Management of Technology and Innovation ; Political Science and International Relations ; Economics, Econometrics and Finance (miscellaneous)
  • Origination:
  • Footnote:
  • Description: <jats:p>In the present security environment, the capabilities of the European defense industry and the impact of restructuring over the years have become issues of concern. Researchers have found considerable consolidation when looking at the overall industry, but have failed to consider that this might understate the loss of national capabilities in subsectors. This article investigates the effect that restructuring has had on twenty subsectors of the defense industry in thirty one European countries from 1960 to 2022. It finds that since the 1960s, the number of major European defense firms has contracted by between 29% and 80% across subsectors, implying the loss of a range of capabilities. It suggests that while Europeanization is inevitable, it is likely be accompanied by further diminishing capabilities at the national level.</jats:p>