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Defence Notes

PREMIUM: Uneven recovery looms over European defence industry

1st April 2021 - 10:40 GMT | by Samuel Beal in Oxford

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Will the European defence industry experience an uneven economic recovery from COVID? (Photo: Airbus)

Tier 1 companies in Europe have weathered the COVID storm so far, but how are governments addressing the needs of essential SMEs?

As economists debate what type of post-COVID economic recovery will emerge, it is the ‘K-shape’ that defined European business fortunes during the first year of the pandemic.

In economic jargon, this denotes an uneven recovery, as specific sectors or companies resume growth while others languish in recession and stagnation.

Major ...

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