The evolution and future of European defence firms

Abstract

The European defence industry has changed considerably since the late 1980s. The end of the Cold War required the industry to undertake major restructuring, especially when governments, expecting to reap a “peace dividend,” drastically cut procurement spending. In the early 2000s this restructuring was also influenced by the new context of international security, even though defence budgets have started to increase again since 1998. The European defence industry could not expect to escape from a radical transformation, beyond the specific crisis engendered by the end of the Cold War.

Citation

Hartley, K., Bellais, R. and Hébert, J.-P. (2008), "The evolution and future of European defence firms", Fontanel, J. and Chatterji, M. (Ed.) War, Peace and Security (Contributions to Conflict Management, Peace Economics and Development, Vol. 6), Emerald Group Publishing Limited, Leeds, pp. 83-104. https://doi.org/10.1016/S1572-8323(08)06006-2