Produce more and even faster. It is to this double presidential injunction that defense manufacturers will have to respond, on March 14, during a meeting convened by Emmanuel Macron following the announcement of the freezing of American military aid to Ukraine. On this occasion, he should fix the new roadmap also insisting on support for European preference.
“We need to equip ourselves more”had already launched the President of the Republic, during his speech on March 5. And if the European Commission promises a financing plan of 800 billion euros for the 27 countries of the European Union (EU), including 150 billion euros in bonus loans, the chief of the executive wants to be sure that this unpublished financial mobilization “Strengthen our armies as quickly as possible”.
For manufacturers of artillery, ammunition or missile parts, it is the promise of a second production shock, after that of June 2022, when the chief of the executive had announced, at the EuroSatory show, the entrance to France in “War economy”. “From 9.5 billion euros annually on average between 2012 and 2016, orders increased to 20 billion euros in credits for 2023”indicates the Ministry of the Armed Forces in its “War Economy, year 2” report, published on 1er January.
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Source: Lemonde