Para bellum: Assessing Europe’s industrial capacity to answer Europe’s new military budget increases

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dc.contributor.authorLefeuvre, Élise
dc.date.accessioned2022-12-15T12:13:46Z
dc.date.available2022-12-15T12:13:46Z
dc.date.issued2022
dc.description.abstractThe Government of Ireland announced a significant military budget increase for the first time in decades. This is excellent news for the Irish Defence Forces that need capacity enhancement and new equipment. However, Ireland is not the only EU country to increase its military budget. The Russian invasion of Ukraine has triggered several dramatic budget increases across EU countries. All these announcements have started to materialise into orders. Yet, the question is whether the military industry has the capacity to address such an inflow of new orders. The purpose of this article is to assess this capacity. The article looks at two companies, Rheinmetall and Thales, to understand their pipeline status and financing capacities. Pipelines are at an all-time high, and financing capacities have generally constrained leeway. Thus, the military industry will experience several bottlenecks, also due to an unfavourable macro-economic environment (e.g. higher energy and raw materials prices). In such a context, the Irish Defence Forces will most likely queue up for some times until ‘early birds’ and bigger customers are served.en
dc.description.statusPeer revieweden
dc.description.versionPublished Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationLefeuvre, E. (2022) 'Para bellum: Assessing Europe’s industrial capacity to answer Europe’s new military budget increases', Defence Forces Review 2022, pp. 39-48. Available at: https://www.military.ie/en/public-information/publications/defence-forces-review/ (Accessed: 15 December 2022)en
dc.identifier.endpage48en
dc.identifier.issn1649-7066
dc.identifier.journaltitleDefence Forces Reviewen
dc.identifier.startpage39en
dc.identifier.urihttps://hdl.handle.net/10468/13968
dc.identifier.volume2022en
dc.language.isoenen
dc.publisherDefence Forces Printing Pressen
dc.rights© 2022. Copyright in accordance with Section 56 of the Copyright Act, 1963, Section 7 of the University of Limerick Act, 1989 and Section 6 of the Dublin University Act, 1989.en
dc.subjectIrelanden
dc.subjectMilitary budget increaseen
dc.titlePara bellum: Assessing Europe’s industrial capacity to answer Europe’s new military budget increasesen
dc.typeArticle (peer-reviewed)en
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