The future of the European defense firm

Keith Hartley ()
Additional contact information
Keith Hartley: Economics department, University of York, England

Economics of Peace and Security Journal, 2023, vol. 18, issue 1, 66-75

Abstract: The future European defense firm will be radically different, being determined by future threats, novel technology, and yet to come European defense policy. The immediate threat arises from the war in Ukraine, but longer-term European defense policy based on the Strategic Compass will provide the framework for the future European defense firm. Past developments offer some indication of the future and it is predicted that the defense firm has a future and will survive. The past trend of smaller numbers of larger defense firms will continue with firms being even more technologically-intensive—reflecting Augustine weapons systems, which are characterized by continuously rising unit costs and smaller volumes. There will be more mergers between European defense firms and more joint European projects developing and producing combat air and naval systems, tanks, and cyber systems.

Keywords: air systems; Augustine weapons systems; European defence firms; joint European projects; mergers; naval systems; new technology; public choice; rising unit costs; space systems; Strategic Compass; tanks; threats (search for similar items in EconPapers)
JEL-codes: L10 L24 L62 N44 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.epsjournal.org.uk/index.php/EPSJ/article/view/387 (application/pdf)
Open access 24 months after original publication.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:epc:journl:v:18:y:2023:i:1:p:66-75

DOI: 10.15355/epsj.18.1.66

Access Statistics for this article

Economics of Peace and Security Journal is currently edited by Michael Brown and J Paul Dunne

More articles in Economics of Peace and Security Journal from EPS Publishing Contact information at EDIRC.
Bibliographic data for series maintained by Michael Brown, Managing Editor, EPSJ ().