weapons and security, still thriving business sectors

weapons and security still thriving business sectors

This Monday, June 13 opens for four days north of Paris Eurosatory, the largest international land defense and security exhibition. An event that occurs in a context of war in Ukraine and rising military spending.

From logistics trucks to armored vehicles, through anti-aircraft defense or cybersecurity systems, a total of 1,700 exhibitors from 62 countries will present their products and innovations at the Paris Nord Villepinte exhibition center. Some 73% of exhibitors are Europeans and more than a third are French.

The show is being held this year in a particular international geopolitical context. In Europe, since the outbreak of the war in ukraine, several countries have expressed their desire to rearm on a scale not seen since the end of the Cold War. This is the case, for example, of Germany, which has voted an exceptional endowment for his army at the beginning of this month of June. Another sign, the recent membership applications to NATO from Sweden and Finland. These integrations represent an additional resource for the Atlantic organization and a security challenge for Moscow.

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Likewise, growing tensions in the Indo-Pacific region, which has become an area of ​​rivalry between China and the United States, only encourages states to increase their defense budgets. The United States, Australia and the United Kingdom have formed a security pact, the Aukus, to counter Chinese influence and plan to develop new weapons such as supersonic weapons.

the Aukus security pactbrings together the United States, the United Kingdom and Australia and it was established in order to face the growing influence of China, in the Indo-Pacific.

On September 15, 2021, former Australian Prime Minister Scott Morrison confirmed that his country would acquire American nuclear-powered submarines. This is the decision that emerged from the new partnership concluded between the three countries. The United States and the United Kingdom then ready to help Australia acquire these devices, as provided for in this new pact.

Australia officially commits on November 22, 2021 to the Aukus defense alliance after placing a gigantic order for conventional submarines in 2016 from France with Naval Group, a French industrial group specializing in shipbuilding. defense. The group was to deliver 12 machines over 50 years with a total cost of the operation of around 50 billion Australian dollars (31 billion euros). This contract was also described as the “contract of the century”.

On April 5, a new level was reached since the three countries announced that they were going to develop set of hypersonic weaponsa technology also developed by Beijing, and especially Moscow.

Trends already highlighted last year. According Sipri, According to the International Peace Research Institute, global military spending continued to rise in 2021 reaching a record high of $2.113 billion. On the seller’s side, SIPRI data points to a “substantial” increase in deliveries from three of the top five arms exporters (US, France, Germany).

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The living room Eurosatory

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