Defence industry

01-02-2018

With a turnover of EUR 97.3 billion in 2014, 500 000 people directly employed and 1.2 million indirect jobs, the European defence industry is a major industrial sector. It is characterised by economic and technological components which are important factors for Europe’s industrial competitiveness. Created in 2004, the European Defence Agency contributes to the development of this industry. The sector is currently facing challenges such as market fragmentation and a decrease in defence spending.

With a turnover of EUR 97.3 billion in 2014, 500 000 people directly employed and 1.2 million indirect jobs, the European defence industry is a major industrial sector. It is characterised by economic and technological components which are important factors for Europe’s industrial competitiveness. Created in 2004, the European Defence Agency contributes to the development of this industry. The sector is currently facing challenges such as market fragmentation and a decrease in defence spending.