The changing European defence market:
Will the new European defence market legislation be a game-changer for Finland?
Harri Mikkola, Jukka Anteroinen & Ville Lauttamäki
The Finnish Institute of International Affairs
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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
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.