Europe's defence industry in transition Europe's Rearmament between Strategic Autonomy and Global Competition

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Between rearmament, strategic autonomy and growing global competition, Europe is rebuilding its defence industrial base. But can production capacity, skilled labour and technological innovation keep pace with rising demand?

Germany's Zeitenwende ("turning point") in security policy has helped place Europe's defence industry on a growth trajectory that would have seemed unimaginable only a few years ago. Rising defence budgets, new procurement programmes and multi-billion-euro investment plans have filled the order books of manufacturers producing armoured vehicles, ammunition, missiles and advanced sensor systems. At the same time, a strategic question is becoming increasingly important: can Europe develop the capabilities required to guarantee its own security to a much greater extent than in the past?