Across Europe, industrial bases are pivoting towards a familiar but forgotten sector: defense. Since Russia’s full-scale invasion of Ukraine in 2022, European governments have been pumping more and more money into their defense sectors. The continent’s defense companies have seen their valuations soar amid booming demand and packed order books. But will higher defense spending boost a wider European economy desperately in need of a shot in the arm? Is spending on tanks and jets wise when much of the evidence suggests investment in innovation and newer technologies is what is truly required? This episode of Business Beyond takes you to the heart of Europe’s defense scale-up and asks some of the biggest players in the sector if Europe’s big bet on war will pay off.
Chapters
00:00 Introduction
01:14 Old industry pivots to defense: steel sector
04.26 European defense sector in numbers
05.33 Eurofighter: defense collaboration
10.39 Airbus Defence CEO Mike Schoellhorn
20.50 Conclusion
For more from the experts we spoke to:
Mike Schoellhorn, CEO Airbus Defence and Space
Thorsten Gintaut, Managing Director, Ilsenburger Grobblech
Thomas Brecht, Head of Development, Ilsenburger Grobblech
Andreas Hammer, Head of Combat Air Systems, Airbus and Eurofighter
Marco Gumbrecht, Head of Combat Air System Sales, Airbus and Eurofighter
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