Europe's defence industry is highly fragmented, with the market dominated by major players from France, Germany, Italy, Spain and Sweden, and more than 2,500 SMEs – often leading to overlap and duplication.
“We are producing very many expensive products, but in small numbers," MEP Riho Terras (Estonia/EPP) told Euronews in an interview. "What we need is for the market to provide the necessary quantities of ammunition, missiles, and various defence equipment."
