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European Defence Industries’ Sales Performance: A Benefit-Of-The-Doubt Based Comparative Analysis

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  • Panayiotis Tzeremes

Abstract

The Russian invasion of Ukraine has generated a new impetus towards an enhanced European defence pillar, while many EU members have announced significant increases in their respective defence budgets over the coming years. Expectedly, a large percentage of the capital and technological inputs required to support the efforts towards a common European defence and the increased defence needs of many EU members will be procured from the European Defence Technological and Industrial Base (EDTIB). The European defence companies are among the major suppliers of conventional arms in the world. Their cumulative share of world arms exports is the second largest globally. This paper uses a Benefit-of-the-Doubt (BoD) model via Data Envelopment Analysis (DEA) to comparatively evaluate the sales performance of major European defence industries vis-à-vis other major international arms producers. The sample used in the analysis contains 72 firms and spans the period 2016–2020. The findings indicate that on the whole US defence manufacturers have a dominant presence among the biggest global producers and outrank many major European companies. These findings offer valuable policy recommendations.

Suggested Citation

  • Panayiotis Tzeremes, 2024. "European Defence Industries’ Sales Performance: A Benefit-Of-The-Doubt Based Comparative Analysis," Defence and Peace Economics, Taylor & Francis Journals, vol. 35(4), pages 404-414, May.
  • Handle: RePEc:taf:defpea:v:35:y:2024:i:4:p:404-414
    DOI: 10.1080/10242694.2023.2223017
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