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Defence spending in European NATO countries is rising

European NATO countries are increasing defence expenditure to respond to geopolitical changes and altered European security environment. It is estimated that European countries will increase their defence spending by 700-800 billion euros between 2022 and 2028.

In addition, the vast market potential of dual-use products offers Summa Defence significant opportunities for expansion and growth in both the civilian and defence and security sectors.

DRIVERS OF OUR GROWTH

  1. New threats and heavily changing security environment
  2. Need for new technological innovations, especially in areas of situational awareness, mobility and defence
  3. Finland’s NATO membership, close defence collaboration in the Nordics and the DCA agreement between Finland and the US
  4. The citizens’ need for comprehensive security has increased due to the war. Demand for strengthened security of supply and securing critical infrastructure
  5. Dual-use is becoming the next notable trend
  • Need for developing independent and credible defence industry expertise and increasing large-scale production capacity in Finland, the Nordics, and Europe. ​
  • We create opportunities to ensure comprehensive security and build Europe’s own resilience.​
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