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The defense industry facing the challenge of its financing

2020-08-09T21:01:21.996Z


DECRYPTION - A parliamentary report is worried about the consequences of the crisis and suggests ways to attract capital.


The alert has been given. The defense industry is threatened by the coming economic crisis. Abyssal deficits of States, potential collapse of exports, weakening of dual companies such as aeronautics, hit hard. Within the staffs, the concern is obvious, because if the companies do not follow, the supply of the armies, their capacities and their resilience will be threatened. In this context, discussions are multiplying on the support to be given to the “BITD”, the industrial and technological defense base which weighs 4,000 companies and 200,000 jobs.

Read also: Defense: manufacturers want a revival

"The risk is that the business model of our defense industry in itself will be undermined by the crisis and this in a profound way, perhaps irreversible" , worry the deputies Jean-Louis Thiériot (LR) and Benjamin Griveaux (LREM) in a report made public at the end of July. "Maintaining an independent defense industry is a sine qua non of our autonomy

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Source: lefigaro

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