Short-term readiness, long-term innovation: the European defence industry in turbulent times

Short-term readiness, long-term innovation: the European defence industry in turbulent times

Author(s): Antonio Calcara, Andrea Gilli, Mauro Gilli
Journal Title: Defence Studies
Publisher(s): Taylor & Francis
Publication Year: 2023

The war in Ukraine and the geopolitical competition between the US and China are driving changes in the European defense market. European countries are adjusting their procurement plans to shift from asymmetric warfare to strategic competition with peer adversaries. At the same time, European defense industries are preparing to meet the increased demand for major equipment while investing in long-term innovation to anticipate future needs. In this paper, Antonio Calcara, Andrea Gilli, and Mauro Gilli explore the interactions between demand and supply and the trade-off between prioritizing short-term readiness over long-term innovation.