European SMEs balance risk and opportunity as they adjust to COVID
SMEs in the defence sector have been impacted by the COVID-19 coronavirus shutdown in much the same way as their counterparts in the commercial world. However, the nature of the business could present them with unique opportunities – and challenges.
Defence SMEs are somewhat better protected than their commercial counterparts, said Paul Everitt, chief executive of UK aerospace, defence, security and space trade body ADS. This is because defence continues to see a high level of demand for its products compared with an area like civil aerospace, whose airline customer base is mostly grounded.
Additionally, while defence employees must work
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Personalised news alerts
- Daily and weekly newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
More from Defence Notes
-
![Turning the Hiroshima Accord into Action: Enhancing UK-Japan Defence Collaboration (Studio)]()
Turning the Hiroshima Accord into Action: Enhancing UK-Japan Defence Collaboration (Studio)
The UK-Japan strategic partnership leverages joint defence initiatives, advanced technologies, and SME integration to enhance military capabilities, foster innovation, and ensure regional and global stability through collective action and effective project management.
-
![NATO countries outline strategies to accelerate defence industrial production]()
NATO countries outline strategies to accelerate defence industrial production
During the Washington Summit, member states also agreed to improve manufacturing capacities across the alliance and continue investing in joint projects with Ukraine.
-
![Why the US military needs an “innovation intervention”]()
Why the US military needs an “innovation intervention”
Several issues in the Pentagon’s structure and the defence industrial base have been hampering the country's efforts to produce cutting-edge solutions.
