Analysis-Trump anxiety spurs investment in European defence startups

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 53%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Analysis-Trump anxiety spurs investment in European defence startups

LONDON - Donald Trump's potential White House return has helped spur a flurry of investment in defence-technology startups across Europe, according to eight prominent industry executives and investors.

Meanwhile, the European Union earlier this year unveiled its first ever defence industrial strategy, committing more than $1 billion towards military innovation. "We want to see faster cycles, broader experimentation, and better capabilities. The planning in a ministry is so slow, and the VC world is one potential answer to this problem," he added.

Ricardo Mendes, CEO of Lisbon-based drone manufacturer Tekever, which has contracts with Britain, Ukraine, the EU and others, said:"A second Trump presidency means different things for American and for European defence companies. There’s a structural change in the defence sector here." Asked if the potential for a Trump victory in November was influencing defence investment, CEO Stefan Roebel said:"Absolutely. That's something everybody has in the back of their heads. Europe needs to up its investment in defence, and you're seeing a shift in momentum now."Around the world, VC funding faced a major downturn in 2023 as investors waited to see how their pandemic-era ventures would play out against a backdrop of rising interest rates and public market volatility.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 450. in BE

Belgique Dernières Nouvelles, Belgique Actualités