Portugal reforms defence industry
The Portuguese government is restructuring its defence industry by setting up a new holding company (called idD – Portugal Defense) and reorganising management in two existing companies: Arsenal do Alfeite, SA and idD - Plataforma das Indústrias de Defesa Nacionais.
In a joint statement on 13 June, the finance and defence ministries announced the measures would ‘combine the objectives of a stable and credible fiscal policy’ and consolidate the role of the state in the defence industry ‘in an articulated and centralised way’.
The government believes that management reform of the defence industry, which employs 2,600 workers and generates annual turnover of about EUR350 million ($397 million), would also facilitate Portuguese engagement with broader EU-wide initiatives.
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