ABSTRACT
The European defence industry and technological base makes a major contribution to the security and defence of Europe. Some of the world’s most advanced weaponry and defence technologies are of European origin and give Europe a cutting edge in conflict and war. Areas of European specialty are, for example, radar systems, missiles, conventional submarines, helicopters and armoured vehicles as well as a strong emerging ‘homeland security’ industry. The ability to develop and produce advanced weaponry and associated technologies not only ensures a degree of political independence but also provides Europe with an important tool for politico-military influence around the world. With some 700,000 people employed and a contribution of around 2 per cent of EU GDP, the economic importance of the security and defence industry to European employment and exports should not be underestimated, either.
