Has Europe staked its economic future on war? | Business Beyond

Across Europe, industrial bases are pivoting towards a familiar but forgotten sector: defense. Since Russia's full-scale invasion of Ukraine in 2022, European governments have been pumping more and more money into their defense sectors. The continent’s defense companies have seen their valuations soar amid booming demand and packed order books. But will higher defense spending boost a wider European economy desperately in need of a shot in the arm? Is spending on tanks and jets wise when much of the evidence suggests investment in innovation and newer technologies is what is truly required? This episode of Business Beyond takes you to the heart of Europe's defense scale-up and asks some of the biggest players in the sector if Europe's big bet on war will pay off. Chapters 00:00 Introduction 01:14 Old industry pivots to defense: steel sector 04.26 European defense sector in numbers 05.33 Eurofighter: defense collaboration 10.39 Airbus Defence CEO Mike Schoellhorn 20.50 Conclusion For more from the experts we spoke to: Mike Schoellhorn, CEO Airbus Defence and Space Thorsten Gintaut, Managing Director, Ilsenburger Grobblech Thomas Brecht, Head of Development, Ilsenburger Grobblech Andreas Hammer, Head of Combat Air Systems, Airbus and Eurofighter Marco Gumbrecht, Head of Combat Air System Sales, Airbus and Eurofighter #defense #military #businessbeyond #europe #dwbusiness For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram:   / dwnews   ►TikTok:   / dwnews   ►Facebook:   / deutschewellenews   ►Twitter:   / dwnews   Für Videos in deutscher Sprache besuchen Sie:    / dwdeutsch   Subscribe: https://www.youtube.com/user/deutsche...