Etla: EU's Joint Defence Procurements May Threaten Finnish Firms

EU defence plan risks sidelining Finnish firms, says Etla

The EU’s plan to jointly finance defence procurement may weaken the position of Finnish defence companies, a new report from the Research Institute of the Finnish Economy (Etla) warns. The €150 billion Security Action For Europe (SAFE) initiative, launched to coordinate and fund joint defence purchases across the bloc, could concentrate orders among Europe’s largest military contractors, leaving smaller companies in peripheral states at a disadv…

Etla: EU's joint defence procurements may threaten Finnish firms

According to a new report from a research institute, defence firms from larger countries are more likely to reap the benefits of the EU's 150 billion euro investment.