1. The changing European defence market: Will the new European defence market legislation be a game-changer for Finland?
- Author:
- Harri Mikkola, Jukka Anteroinen, and Ville Lauttamäki
- Publication Date:
- 02-2013
- Content Type:
- Policy Brief
- Institution:
- Finnish Institute of International Affairs
- Abstract:
- The European defence industrial base is transforming. The changes in the European defence market legislation, the decrease in defence materiel demand and changing defence requirements are redefining the industry in a way that has not been seen in decades. The new European legislation in particular poses serious challenges for the Finnish defence industry, including the national market opening and the diminishing possibility for offset arrangements. It is likely that the major European states are trying to protect their own defence industrial base. The future of the Finnish defence industry will be determined by whether the European market opens up in the first place, in part or in its entirety. There is no going back to the time preceding the new legislation. It is crucial for the Finnish defence industry to find and utilize new market opportunities. Networking with the European system integrators and sub-contracting chains will be of paramount importance.
- Topic:
- Defense Policy, Arms Control and Proliferation, Economics, and Industrial Policy
- Political Geography:
- Europe and Finland