The European Commission on Tuesday (24 June) laid out plans on how to boost the EU’s military and defence industries.
It wants to create a single market on defence, make it more profitable, and intensify and merge research with the civil sector.
Antonio Tajani, the EU industry commissioner, said greater defence collaboration is needed between member states to enable the EU to “adequately face its security challenges”.
Tajani described the plan in terms of helping the EU pull itself out of the economic crisis.
“It is vital that the European defence industry remains a world-leading centre for manufacturing and innovation, creating highly qualified jobs and growth,” he said in a statement.
The commission says budget cuts, the crisis, and a fragmented internal market are threats to the industry and the EU’s overall defence capabilities.
It notes the sector in 2012 employed 400,000 people and generated a €96 billion turnover.